2-38 Income Statement and Retained Earnings FedEx Corporation provides customers and businesses worldwide with a broad portfolio of trans portation, e-commerce, and business services. In the year ended May 31, 2011, FedEx had revenues of $39,304 million and total expenses of $37,852 million. FedEx Corporation?s retained earnings were $13,966 million at the beginning of the year and $15,266 million at the end of the year. 1. Compute FedEx Corporation?s net income (loss) for the year ended May 31, 2011. 2. Compute the amount of cash dividends declared by FedEx during the year ended May 31, 2011