Current Attempt in Progress Suppose in its income statement for the year ended June 30, 2025, The Clorox Company reported the following condensed data (dollars in millions). Assume the marketing department has presented a plan to increase advertising expenses by $780 million. It expects this plan t 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, e.g. 15.2\%.) Gross profit rate % Profit margin % eTextbook and Media