10.6 La Campania SpA produced various types of pasta. The company had the following trial balance for the year ended 30 June 2005 (amounts in millions of euro):

Debit Credit Current assets 4,173 PPE, net 5,266 Intangible assets, net 4,735 Other assets 3,377 Current liabilities 3,788 Long-term debt and other liabilities 6,882 Shareholders’ equity* 5,609 Sales 20,367 Cost of sales 8,198 Selling, general and administrative expenses 9,103 Other expenses 2,217 Other income 1,201 Cash dividends 778 Total 37,847 37,847 * Includes beginning retained earnings.

(a) Prepare La Campania SpA’s income statement for the year ended 30 June 2005.

(b) Prepare La Campania SpA’s balance sheet as at 30 June 2005.