I've selected Target Corp. as my company to research for a writing project. As part of the project, we are to:

$-$Look at $10-$K $($annual reports$)$ and $10-$Q $($quarterly reports$)$ and open the May $28,202110$Q:Quarterly report for quarter ending May $1,2021$ and in that file look for the Condensed Consolidated Statement of Financial Position at May $1,2020$ and state it$.$

$-$Find a proposed standard from the current or prior year that is related to this course $($asset$-$type transactions only$)$ in the FASB Codification system. Prepare a $2-3$ page summary of the FASB proposal highlighting what changed, why, and the potential impact on the financial statements and disclosures of the company you have selected.