Preparing an Income Statement and Inferring Missing Values Geox S.p.A. is an Italian-based international company that produces and distributes footwear and apparel products for men, women, and children. A recent annual income statement contained the following items (in thousands of euros). Solve for the missing amounts and prepare a condensed income statement for the year ended December 31, 2008. {Hint: First order the items as they would appear on the income statement and then solve for the missing values.)

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Cost of sales Interest expense 424,461 4,297 Profit for the year ? Net sales. 892,513 Selling and distribution expenses 43,248 General and administrative expenses 187,397 Advertising and promotion expenses 66,917 Income tax expense 48,603 Total expenses excluding income taxes Profit before income tax