Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the companys website (www.target.com). Target refers to its Shareholders Equity as Shareholders Investment.

2. Note 25, Share Repurchase, provides the information we need to reconstruct the journal entry that summarizes Targets share repurchases in the year ended February 3, 2018. Provide that entry. 3. Does Target account for share repurchases as (a) treasury stock or (b) retired shares?