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The following financial data were adapted from a recent annual report of Target Corporation for the year ending January 31. In millions Accounts payable $20,571
The following financial data were adapted from a recent annual report of Target Corporation for the year ending January 31. In millions Accounts payable $20,571 Cash 2,382 Common stock 8,586 Cost of goods sold 143,580 Debt and other borrowings 52,449 4,581 Income tax expense Interest expense Inventories 2,598 23,754 Other assets 8,526 Other expenses 7,731 Other liabilities 19,407 Property, plant, and equipment 87,447 Sales 205,398 Selling, general, and administrative expenses 42,318 1. Prepare Target's income statement for the year ending January 31. Target Corporation Income Statement For the Year Ended January 31 (in millions) Expenses: Total expenses 2. Prepare Target's retained earnings statement for the year ending January 31, 2042. If an amount box is zero, enter "0". No common stock was issue during the year Retained earnings Feb. 1 of prior year $12,698 Dividends 4,197 Other stockholder equity items on Feb. 1 of prior year 8,005 Increase in other stockholder equity items 0 Target Corporation Statement of Stockholders' Equity For the Year Ended January 31 (in millions) Common Stock Retained Earnings Other Items Balances, Feb. 1 of prior year Total Balances, January 31 3. Prepare a balance sheet as of January 31, for Target. Target Corporation Balance Sheet January 31 (in millions) Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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