Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year Net sales $65,000 $413,000 Cost of goods sold 45,000 301,000 Selling and administrative expenses 14,100 80,000 Interest expense 710 2,000 Other income (expense) (85) (410) Income tax expense 1,300 7,500 Net income $3,805 $22,090 Balance Sheet Data (End of Year)