Target Corporation prepares its financial statements according to U$.$S$.$ GAAP. Target's financial statements and disclosure notes for the year ended February $1,2020,$ are available here. This material also is available under the Investor Relations link at the company's website $($www$.$target.com$).$Required:$1.$ From the income statement, determine the income tax expense for the year ended February $1,2020.$ Tie that number to the second table in disclosule Note $18,$ "Provision for Income Taxes," and prepare a summary journal entry that records Target's tax expense from continuing operations for the year ended February $1,2020\mathrm{.}2.$ Focusing on the third table in disclosure Note $18,$ "Net Deferred Tax Asset$/($Liability$),"$ calculate the change in net deferred tax assets or liability. By how much did that amount change?$3.$ Target's Note $18$ indicates that $"$We recognized a net tax benefit of $$36$ million and $$372$ million in $2018$ and $2017,$ respectively, primarily because we remeasured our net deferred tax liabilities using the new lower U$.$S$.$ corporate tax rate." What was the effect of the tax rate change on $2018$ net income?$4.$ What is Target's liability for unr$$cognized tax benefits as of February $1,2020?$ If Target were to prevail in court and realize $$50$ million more in tax savings than it thought more likely than not to occur, what would be the effect on the liability for unrecognized tax benefits and on net income?