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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
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). $ 114 328 Salaries and wages expenses Depreciation expense Sales revenue Interest expense Advertising expense Sales returns and allowances $ 460 90 5,230 161 499 46 Research and development expense Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense 2,500 105 230 60 Assume a tax rate of 34%. (a) Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.) The Clorox Company Income Statement For the Year Ended June 30, 2022 (amounts in millions) $
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