Suppose in its income statement for the year ended June 30, 2025, The Clorox Company reported the following condensed data (dollars in millions). Prepare a multiple-step income statement. (Round answers to 0 decimal places, es. 15,222.) Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, e.g. 15.2\%.) Gross profit rate % Profit margin % Assume the marketing department has presented a plan to increase advertising expenses by $810 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 20%. (Hint: Increase both sales revenue and sales returns and allowances by 20%.) (Assume a tax rate of 34\%, and round all amounts to whole dollars.) Prepare a multiple-step income statement. Report Net Sales without explicitly showing Sales Revenue and Sales Returns and Allowances individually on the income statement. (Round answers to 0 decimal places, e.g. 15,222.) Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, eg. 15.2\%.) Gross profit rate % Profit margin % List of Accounts