The following selected accounts and amounts (in millions) were taken from the February 2, 2013, financial statements of Reitmans (Canada) Limited.

______________ Administrative expenses...................................$ 47.4

______________ Cost of goods sold...............................................372.1

______________ Dividends...............................................................52.1

______________ Finance expenses...................................................1.3

______________ Finance income.......................................................5.6

______________ Income tax expense...............................................8.5

______________ Selling and distribution expenses....................550.2

______________ Sales..................................................................1,000.5

Instructions

(a) For each of the above accounts, identify whether it is a revenue (R) or expense (E) account or an account that is not reported on the income statement (NR).

(b) Prepare an income statement for the year.