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 770 Sales revenue 7,830 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3.800 Advertising expense 499 Rent expense 105 Sales returns and allowances 230 Utilities expense 60 Assume a tax rate of 34%. Prepare a multiple-step income statement. (Round answers to decimal places.eg. 15.222.) The Clorox Company Income Statement For the Year Ended June 30, 2022 (amounts in millions) Sales Sales Reve 7890 Le V Sales Returns and Allowances 12301 Net Sales Cost of Goods Sold Gross Pront Operating Expenses Salaries and Wages Expense 460 Depreciation Expense 90 Research and Development Expense 114 Advertising Expense 499 Rent Expense 105 Utilities Expense Total Operating Expenses Income From Operations V Other Expenses and Losses Interest Expense 161 Loss on Disposal of Plant Assets Income Before Income Taxes ihal Income Tax Expense Net Income / Los e Textbook and Media List of Accounts Save for Later Last saved 1 second ago Attempts: 4 of 15 used Submit Answer Your answer is partially correct. Calculate the gross profit rate and the profit margin (Round answers to 1 decimal place.ex. 15.2%) Gross profitrate SO Profit margin e Textbook and Media List of Accounts Save for Later Last saved 1 secondage Attempts: 5 of 15 used Submit A GWRT Padmathe mariting segartment has greated a plan to incapered by $340 mln. It get the gianto retinaninerea in etnics and art of goods asic 25 (Hint: Inercare both care cand ai reuma allowancesy 28%) Rede parte and land whether than har merit (a mea tax rater 24% and round all amount wholder Preparsa delicate insertatement. Roundwers to decimal pl. 15.222) The Clorox Company Income Statement (amous in miliona) TOTO III Textbook and Media List of Account Attempta: 1 of 13 uued Sabah Caissera profit rate and the proti Round wer to 1 decimal place, 1528) Grosgrotte Prot Textbook and Media List of ACOU Attempt: Do 13 SA