Exercise 5-9 (Part Level Submission) 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   $ 450   Research and development expense   $ 110 Depreciation expense   80   Income tax expense   224 Sales revenue   5,785   Loss on disposal of plant assets   50 Interest expense   165   Cost of goods sold   3,315 Advertising expense   535   Rent expense   110 Sales returns and allowances   260   Utilities expense   50
Assume a tax rate of 34%.             (a) Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.)