Exercise 4-18 Preparing an income statement under IFRS LO P4 L'Oral reports the following income statement accounts for the year ended December 31, 2014 (euros in millions) Net profit Finance costs Net sales Gross profit Other income Cost of sales 1,111.0 6,019.6 760.6 4,821.1 6, 558.9 42.3 4,908.6 Income tax expense 31.4 Profit before tax expense 22,532.0 Research and development expense 16,031.3 Selling, general and administrative expense 2,118.0 Advertising and promotion expense 6,500.7 Finance income Prepare the income statement for this company for the year ended December 31, 2014, following usual IFRS practices. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) L'Oral Income Statement( millions) For Year Ended December 31, 2014 0.0 0.0