Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart stores, inc. Income statement data for year net sales $65,000 $406,000 cost of goods sold 46,000 306,000 selling and administrative expenses 14,800 76,000 interest expense 660 2,200 other income (expense) (70 ) (390 ) income tax expense 1,300 6,500 net income $2,170 $14,910