Suppose in its income statement for the year ended June 30, 2017. The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 440 $110 Depreciation expense 85 198 Research and development expense Income tax expense Loss on disposal of plant assets Cost of goods sold Sales revenue 7,230 50 81 4,760 Interest expense Advertising expense Sales returns and allowances 455 Rent expense 105 230 Utilities expense 65 Assume the marketing department has presented a plan to increase advertising expenses by $534 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 34%. (Hint: Increase both sales revenue and sales returns and allowances by 25%.) Prepare a multiple-step income statement. (Round answers to decimal places, eg. 15,222.) THE CLOROX COMPANY