The following financial data were adapted from a recent annual report of Target Corporation for the year ending January 28, 20Y2. In millions Accounts payable ................$ 6,857 Capital stock ................. 2,862 Cash ...................... 794 Cost of goods sold ..............47,860 Debt and other borrowings ........... 17,483 Income tax expense .............. 1,527 Interest expense ................ 866 Inventories .................. 7,918 Other assets ................. 2,842 Other expenses ................. 2,577 Other liabilities ................ 6,469 Other credit card revenue ............ 1,399 Property, plant, and equipment .........29,149 Receivables .................. 5,927 Sales ....................68,466 Selling, general, and administrative expenses ....14,106 Instructions 1. Prepare Targets income statement for the year ending January 28, 20Y2. 2. Prepare Targets retained earnings statement for the year ending January 29, 20Y2. (The retained earnings at January 29, 20Y1, was $12,698. During the year, Target paid dividends and had other reductions in retained earnings of $2,668.) 3. Prepare a balance sheet as of January 28, 20Y2, for Target.