Referring to Targets Consolidated Statement of Financial Position, Consolidated Statement of Cash Flows, and Notes 17 and 19, prepare a T-account that summarizes the transactions of total current and non-current liabilities. Provide a plausible explanation for the figure needed to balance the account, if any.

Notes and Hints: Have beginning and ending balances for both current and non-current liabilities as two separate line items in your T-account

With operating cash flows, keep in mind how current liabilities are included on a statement of cash flows

Non-current liabilities will be shown as financing activities on a statement of cash flows

Property and equipment acquired through capital lease obligations will be equivalent to your understanding of finance lease obligations. D3.A