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 Cash Common stock Cost of goods sold Debt and other borrowings Income tax expense Interest expense Inventories Other assets Other expenses Other liabilities Property, plant, and equipment Sales Selling, general, and administrative expenses $17,143 1,985 7,155 119,650 43,708 3,818 2,165 19,795 7,105 6,443 16,173 72,873 171,165 35,265 Instructions: 1. Prepare Target's income statement for the year ending January 31. Target Corporation Income Statement For the Year Ended January 31 (in millions) Sales 171,165 Expenses: Cost of goods sold Selling, general, and administrative expenses Income tax expense Interest expense Other expenses 119,650 35,265 3,818 2,165 6,443 Total expenses 167,341 Net income 3,824 2. Prepare Target's retained earnings statement for the year ending January 31, 20Y2. If an amount box is zero, enter "O" No common stock was issue during the year Retained earnings Feb. 1 of prior year Dividends Other stockholder equity items on Feb. 1 of prior year 4,555 Increase in other stockholder equity items $12,698 3,498 0 Target Corporation Statement of Stockholders' Equity For the Year Ended January 31 (in millions Common Stock Retained Earnings Other Items Total Balances, Feb. 1 of prior year Net income for year Dividends Balances, January 31 3. Prepare a balance sheet as of January 31, for Target. Target Corporation Balance Sheet January 31 (in millions) Cash Inventories Property, plant, and equipment Other assets 1,985 19,795 72,873 V 7,105 v Total assets 101,758 Accounts payable 17,143 Debt and other borrowings 43,708 Other liabilities 16,173 Total liabilities 77,024 Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity