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Income Statement, Retained Earnings Statement, and Balance Sheet The following financial data were adapted from a recent annual report of Target Corporation for the year
Income Statement, Retained Earnings Statement, and Balance Sheet The following financial data were adapted from a recent annual report of Target Corporation for the year ending January 31. In millions Accounts payable $ 7,759 Cash 2,210 Common stock 53 Cost of goods sold 51,278 Debt and other borrowings 12,705 Income tax expense 1,204 Interest expense 882 Inventories 8,790 Other assets 4,446 Other expenses 6,214 Other liabilities 6,943 Property, plant, and equipment 25,958 Sales 72,618 Selling, general, and administrative expenses 14,676 2. Prepare Target's statement of stockholders' equity for the year ending January 31, 20Y2. Use the minus sign to indicate a net loss. If an amount box is zero, enter "0". Use the following additional information for the year: No common stock was issue during the year Retained earnings Feb. 1 of prior year $12,599 Dividends 1,319 Other stockholder equity items on Feb. 1 of prior year 3,579 Increase in other stockholder equity items 721 TS Target Corporation Statement of Stockholders' Equity For the Year Ended January 31 (in millions) Common Retained Other Items Stock Earnings Balances, Feb. 1 of prior $ 0 12,599 3,579 year Other expenses -6,214 Total 16,178 Dividends -1,319 Other items Balances, January 31
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