Identifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Target Corporation, for the fiscal year ended January 30, 2016.

a. Indicate whether each account appears on the balance sheet (B) or income statement (I).

b. Using the following data, compute total assets and total expenses.

$ millions Amount Classification Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $73,785 Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,236 Depreciation and amortization expense. . . . . . . . . . . . . . . . . . . . 2,213 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,188 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,363 Property, plant, and equipment, net . . . . . . . . . . . . . . . . . . . . . . 25,217 Selling, general, and administrative expense. . . . . . . . . . . . . . . . 14,665 Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,601 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,305 Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,957