complete C1 with calculations

Assume the marketing department has presented a plan to increase advertising expenses by $340 million. It expects this plan to result in an increase in both net sales and cost of goods told of 30, Increase both sales revenue and sales retures and allowances by 30%) Redo parts (o) and (b) and discuss whether this plan has merit. (Assume a tax rate of 34%, and round all amounts to whole dollars) Prepare multiple step income statement (Round answers to decimal places,.. 1522) The Clorox Company Income Statement For the Year Ended June 30, 2022 Camounts in millions) Sales Sales Revue ES $1 it ady. Privacy Policy. 2000-2021ohn Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. SHOW LIST OF ACCOUNTS LINK TO TEXT Exercise 5-10 (Part Level Submission) Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 430 Sales revenue 5,830 Loss on disposal of plant assets Interest expense 161 Cost of goods sold 2,800 Advertising expense 499 Rent expense 105 Sales returns and allowances 230 Utilities expense 46 60 Assume a tax rate of 34% (a) 60 Utilities Expense Total Operating Expenses 1,328 1,472 Income From Operations Other Expenses and Losses Interest Expense 16 46 Loss on Disposal of Plant Assets 207 1,265 Incorne Before Income Taxes 430 Income Tax Expense 835 Net Income / toss)