Current Attempt in Progress 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 $431 Research and development expense $105 Depreciation expense 86 Income tax expense 263 Sales revenue 5,389 Loss on disposal of plant assets 44 Interest expense 150 Cost of goods sold 2.940 98 Advertising expense 469 Rent expense 55 Sales returns and allowances 266 Utilities expense 55 Assume the marketing department has presented a plan to increase advertising expenses by $314 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%. Assume a tax rate of 20%. (Hint: Increase both sales revenue and sales returns and allowances by 25%) Prepare a multiple-step income statement. (Round answers to O decimal places, e.g. 15,222) THE CLOROX COMPANY Income Statement June 30, 2022 (amounts in millions) Sales Sales Revenue