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 276 sales revenue 5,730 loss on disposal of plant assets 46 interest expense 161 cost of goods sold 3,104 advertising expense 499 rent expense 105 sales returns and allowances 280 utilities expense 60 assume a tax rate of 34%. prepare a multiple-step income statement. (round answers to 0 decimal places, e. g. 15,222.)

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.