target corporation prepares its financial statements according to u.s. gaap. targets financial statement and ended january 30, 2018, are available in connect. this material is also available under the investor relations Target does not have investments in stocks or bonds.However, CVS Health Corp., whichpurchased Target's business during 2015, does have some investments. Access CVS's 2015 10K (issued on Feb. 9, 2016) at inve answer the following questions: Required: CVS indicated in Note 1 that it has some short-term investments that consist of certificates of deposit (CD': 1) How has CVS classified those CD's for accounting purposes? The investments are classified as available-for-sale within Level 1 of the fair value hierarchy. This will be cal approximated their historical cost at both December 31, 2015 and 2014. 2) Per CVS's balance sheet, what was the balance in CVS's short-term investments as od December 31, 201 2015 $88 million 2014 $34 million 3) Per CVS's statement of cash flows, what cash transactions affected short-term investments during 2015: Cash flows from financing activities: Increase (decrease) in short-term debt (685) 4) Prepare a T account that summarizes transactions affecting CVS's short-term investments during 2015. $ explaination for any "plug" figure necessary to make the T account balance