Target's financial statements and disclosure notes for the year ended February 1,2020. Required: From the income statement, determine the income tax expense for the year ended February 1,2020. Tie that number to the second table in disclosure 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.

Focusing on "Net Deferred Tax Asset/(Liability)." calculate the change in net deferred tax assets or liabilities. By how much did it change.

Targets more 18 indicates that we recognize a net tax benefits of $36 million and $372 million in 2018 aND 2017, respecially primarily because we remeasured ournet deferred tax liability using the new lower U.S. corporate tax rate. What was the effect of the tax rate change on 2018 net income?

What is target's liability for unrecognized tax benefits as of feburary 1 2020. If target were to prevail in court and realized $50 mIllino 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?