Suppose in its income statement for the year ended June 30, 2025, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $550 Research and development expense $ 110 Depreciation expense 110 Income tax expense 370 Sales revenue 6,270 Loss on disposal of plant assets 55 Interest expense 220 Cost of goods sold 3,135 Advertising expense 550 Rent expense 110 Sales returns and allowances 288 Utilities expense 55 Assume a tax rate of 34%.