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 276 Interest expense 161 Other expense 46 Advertising expense 499 Cost of goods sold 3,104

Assume a tax rate of 34%.

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 sold of 25%.

Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 125.)