Excel 2007 select anything before current date and multiply by status shown in next column

I have tried all mornign to google and work problem out. I expect answer is simple but I have tried all types of formulae and cant get anything right. I have two columns of information. The first full of dates and the second full of status names.
12 02 2012 In
04 10 2011 Out
01 10 2012 In
06 11 2011 Destroy
I want to examine date column array for any date prior to current date (today date) and then if next column has the word "In" against a qualifying date count the number items. This would be shown in a single cell at foot of sheet. Thank you

Thank you so much - you make it look so simple.

@ RogerW

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