Last year A&J had $6 million in operating income (EBIT). Its depreciation expense was $2 million, its interest expense was $1 million, and its corporate tax rate was 35%. a).What was the companys net income? b). If the firm had $5 million in retained earnings at the beginning of the year and paid out total dividends of $1.4 million, what was its retained earnings at the end of the year? Assume that all dividends declared were actually paid.