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Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data ( Salaries and wages expenses

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Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data ( Salaries and wages expenses 410 Research and development expense 120 Depreciation expense Sales revenue Interest expense Advertising expense Sales returns and allowances 75 5,775 170 470 230 Income tax expense Loss on disposal of plant assets Cost of goods sold Rent expense Utilities expense 439 45 2,773 120 70 Assume a tax rate of 34%. Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.) THE CLOROX COMPANY Income Statement amounts In millions

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