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 S114 Depreciation opense 90 income tax expense Sales revenue 6.230 LOSS on disposal of plant assets Interest expense 161 Cost of goods sold Advertising expense 499 Rent expense Sa returns and a lowances 230 Utes expense sume tax rate of 3 The Clorox Company Income Statement For the Year 2002 (amounts in millions) Sales Revenge Lent Sales Returns and Allowances Net Sales 000 Cost of Goods Sold Gross Pratt Operating Expenses Salaries and Wages Expense Depreciation Expense Advertising Expense Research and Development Ecense Rent Expense Umies Expense Total Operating Expenses - Income From Operations Other Expenses and Losses Loss on Dluposal of Plants / / / / / // / / / / A P / / / / 777 7 /// SI (c1) do Assume the marketing department has presented a plan to increase advertising expenses by $340 million. It expects this plan to result in an increase in both news and could both sales revenue and sales returns and allowances by 25% Redo parts cal and and discuss whether this planas merit Asume atax rate of s and round ours to where Prepare a multiple step income statement. (Round answers to decimal places, es 15.222) The Clorox Company Income Statement amounts in millions)