Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Target Corporation follow. You are screen sharing Income Statement For Fiscal Years Ended ($ millions) 2006 Sales Credit card revenues Total revenues 2005 $51,271 $45,682 $40,928 1,349 1,157 1,097 52,620 46,839 42,025 2004 Cost of sales 34,927 31,445 28,389 Selling, general and administrative expenses 11,185 9,797 8,657 Credit card expenses 776 737 722 Depreciation and amortization 1,409 1,259 1,098 Earnings before interest and income taxes 4,323 3,601 3,159 Interest expense 463 570 556 Earnings before income taxes 3,860 3,031 2,603 Provisions for income taxes 1,452 1,146 984 Net earnings $ 2,408 $ 1,885 $1,619