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In its income statement for the year ended June 30, 2009, The Clorox Company reported the following condensed data (dollars in millions). Selling and administrative

In its income statement for the year ended June 30, 2009, The Clorox Company reported the following condensed data (dollars in millions). Selling and administrative expenses $ 715 Research and development expense $ 114 Net sales 5,450 Income tax expense 274 Interest expense 161 Other expense 46 Advertising expense 499 Cost of goods sold 3,104 (a) Prepare a multiple-step income statement. THE CLOROX COMPANY Income Statement For the Year Ended June 30, 2009 (amounts in millions) \

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