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 34,400 32,000 4,000 75,900 22.000 60,000 15,000 35,000 7.000 2,200 31,000 109,700 Cash Merchandise inventory Inventory returns estimated Store equipment Accumulated depreciation-store equipment Office equipment Accumulated depreciation office equipment Accounts payable Sales refund payable Notes payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Selling expenses General and administrative expenses Interest expense Merchandise Inventory - opening Purchases Purchase discounts Purchase returns and allowances Transportation in Total 48,000 335,000 8,000 15,500 33,500 19.800 800 20,000 240,000 25,000 15.000 5.000 596,900 596,900 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