Income Statement and Retained Earnings Borders Group Inc. operates Borders Bookstores. In the year ended January 26, 2003, Borders had revenues of \($3,486.1\) million and total expenses of \($3,374.4\) million. Borders' retained earnings were \($257.7\) million at the beginning of the year and \($369.4\) million at the end of the year.

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1. Compute Borders Group's net income for the year ended January 26, 2003. 2. Compute the amount of cash dividends declared by Borders Group during the year ended January 26, 2003.