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 $460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 276 Sales revenue 5,730 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3,104 Advertising expense 499 Rent expense 105 Sales returns and allowances 280 Utilities expense Assume a tax rate of 34%. Prepare a multiple-step income statement. (Round answers to 0 decimal places, eg. 15.222.) The Clorox Company Income Statement (amounts in millions) Type here to search TOSHIBA Type here to search TOSHIBA Type here to search TOSHIBA The Clorox Company Income Statement (amounts in millions) Type here to search TOSHIBA e Textbook and Media List of Accounts Calculate the gross profit rate and the profit margin (Round answers to 1 decimal places 15.2%) Gross profit rate Profit margin Type here to search TOSHIBA