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 $440 Research and development expense $107 Depreciation expense 88 Income tax expense 269 Sales revenue 5,504 Loss on disposal of plant assets 45 Interest expense 153 Cost of goods sold 3,000 Advertising expense 479 Rent expense Sales returns and allowances 284 Utilities expense 58 100 56 Assume the marketing department has presented a plan to increase advertising expenses by $320 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%. Assume a tax rate of 20%. (Hint: Increase both sales revenue and sales returns and allowances by 25%.) Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.) THE CLOROX COMPANY Income Statement (amounts in millions) $