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%.

(a)

Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.)

The Clorox Company Income Statement choose the accounting period For the Month Ended June 30, 2022For the Year Ended June 30, 2022June 30, 2022 (amounts in millions)
select an opening name for section one DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From Operations
enter an income statement item	$enter a dollar amount
select between addition and deduction Less Add : enter an income statement item	enter a dollar amount
select a closing name for section one DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From Operations		$enter a total amount for section one
enter an income statement item		enter a dollar amount
select a summarizing line for the first part DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009Sales RevenuesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsSales		enter a total amount for the first part
select an opening name for section two DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009Sales RevenuesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsSales
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter a closing name for section two Dividends Net Income / (Loss) Retained Earnings, July 1, 2008 Retained Earnings, June 30, 2009 Sales Revenues Total Revenues Net Sales Gross Profit Operating Expenses Total Operating Expenses Income Before Income Taxes Other Revenues and Gains Other Expenses and Losses Income From Operations Sales		enter a total amount for section two
select a summarizing line for the second part DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009Sales RevenuesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsSales		enter a total amount for the second part
select an opening name for section three DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009Sales RevenuesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsSales
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
		enter a subtotal of the two previous amounts
select a summarizing line for the third part DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009Sales RevenuesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsSales		enter a total amount for all three parts
enter an income statement item		enter a dollar amount
select a closing name for this statement DividendsNet Income / (Loss)Retained Earnings, July 1, 2008Retained Earnings, June 30, 2009Sales RevenuesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome Before Income TaxesOther Revenues and GainsOther Expenses and LossesIncome From OperationsSales		$enter a total net income or loss amount