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Suppose in its income statement for the year ended June 30, 2014, The Clorox Company...

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Accounting

Suppose in its income statement for the year ended June 30, 2014, The Clorox Company reported the following condensed data (dollars in millions).

Salaries and wages expenses $ 450 Research and development expense $ 120
Depreciation expense 90 Income tax expense 289
Sales revenue 5,630 Loss on disposal of plant assets 41
Interest expense 169 Cost of goods sold 3,024
Advertising expense 520 Rent expense 95
Sales returns and allowances 230 Utilities expense 40

Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 15,222.)

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