Suppose in its incomestatement for the year ended June 30,2025 . The Clorox Compamy reported the following condensed data [dollarsin milionst. Ascume a tax rote of 34 F. Prepare a multiple-step income statement, (Round answers to 0 decimal places, eg. 15, 222.) Calculate the gross profit rate and the profit margin. (Round answers to 1 decimal place, e. . 15.2\%.) Gross profit rate Profit margin % % Assume the marketing department has presented a plan to increase advertising expenses by $720 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. . 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 96 %