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 $460 Research and development expense $114
Depreciation expense 90 Income tax expense 1,076 Sales revenue 9,630
Loss on disposal of plant assets 46 Interest expense 161
Cost of goods sold 4,700 Advertising expense 499
Rent expense 105 Sales returns and allowances 230
Utilities expense 60

Assume atax rate of 34%.

Required:
Prepare a multiple-step income statement.