The Target Corporation financial statements appear in Appendix A. Answer the following questions about Target's stock. Required 1. How much of Target's preferred stock was outstanding at January 29, 2000? How can you tell? The statement of shareholders' investment (stockholders' equity) reports what happened to Target's preferred stock during the fiscal year ended January 29, 2000. What was it? 2. Examine Target's balance sheet. Which stockholders' equity account increased the most during the year ended January 29, 2000 (fiscal year 2000)? Did this increase occur because of new paid-in capital that Target received from stockholders during this year? If not, explain where the additional paid-in capital came from. 3. Give Target's journal entries during fiscal year 2000 to record

(a) closing net income to Retained Earnings and

(b) declaring cash dividends. The statement of shareholders' investment gives the details for these transactions.