Income computation for a manufacturing firm. The following data relate to General Mills, a food processor, for a recent fiscal year ending May 31 (amounts in millions):

June 1, Year 10 May 31, Year 11 Raw Materials Inventory $ 73.7 $101.5 Work-in-Process Inventory 100.8 119.1 Finished Goods Inventory 286.2 322.3 The company incurred manufacturing costs (direct material, direct labor, manufacturing overhead) during the fiscal year totaling $2,752.0. Sales revenue was $6,700.2, selling and administrative expenses were $2.903.7, and interest expense was $151.9. The income tax rate is 35 percent. Compute net income for the fiscal year.