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		$ 400		Research and development expense		$ 105
Depreciation expense		85		Income tax expense		459
Sales revenue		5,670		Loss on disposal of plant assets		45
Interest expense		165		Cost of goods sold		2,730
Advertising expense		415		Rent expense		100
Sales returns and allowances		210		Utilities expense		65

Assume a tax rate of 34%. Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.)

THE CLOROX COMPANY Income Statement (amounts in millions)