Target Corporation prepares its financial statements according to U$.$S$.$ GAAP. Target$$s financial statements and disclosure notes for the year ended February $1,2020,$ are available hereLinks to an external site.. This material also is available under the Investor Relations link at the company$$s website $($www$.$target.comLinks to an external site.$).$

Target has both defined contribution and defined benefit pension plan. In Note $23$Pension Plans,$$ Target describes its defined benefit plans.

Required:

$1.$ What were the changes in Target$$s Projected Benefits Obligation in the fiscal years ended February $1,2020($fiscal $2019),$ and February $2,2019($fiscal $2018),$ for its qualified pension plans?

$2.$ What were the changes in Target$$s Pension Plan Assets in the fiscal years ended February $1,2020($fiscal $2019),$ and February $2,2019($fiscal $2018),$ for its qualified pension plans?

$3.$ Were these pension plans overfunded or underfunded for the fiscal years ended February $1,2020($fiscal $2019),$ and February $2,2019($fiscal $2018)?$

$4.$ What were the components of Target$$s Pension Expense in the fiscal years $2019,2018,$ and $2017?$

$5.$ In conclusion, what suggested solutions will you recommend to ensure pension plans are properly funded?