Target Corporation is an American retail corporation. It is a general merchandise retailer with stores in all 50 U.S. states and the District of Columbia. 75% of the U.S. population lives within 10 miles of a Target store. The tagline of the company is "Expect More. Pay Less." The Corporation provides an adjusted Trial Balance as of December 31, 2019 which is given below:

Details	Debit	Debit
	OMR	OMR
Cash	34,400
Merchandise inventory	32,000
Inventory returns estimated	4,000
Store equipment	75,900
Accumulated depreciationstore equipment		22,000
Office equipment	60,000
Accumulated depreciationoffice equipment		15,000
Accounts payable		35,000
Sales refund payable		7,000
Notes payable		2,200
Common stock		31,000
Retained earnings		109,700
Dividends	48,000
Sales		335,000
Sales discounts	8,000
Sales returns and allowances	15,500
Selling expenses	33,500
General and administrative expenses	19,800
Interest expense	800
Merchandise Inventory - opening	20,000
Purchases	240,000
Purchase discounts		25,000
Purchase returns and allowances		15,000
Transportation in	5,000
Total	596,900	596,900

Closing Merchandising Inventory of the Corporation is OMR 29,000. You are required to prepare the following financial statements from the above information as on 31 December 2019:

i) A Statement of Cost of Goods Sold

ii) A Multiple-Step Income Statement

iii) A Statement of Retained Earnings

iv) You are required to draft a report on the Financial Performance of the business.