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Styles Paragraph CASE NOI FINANCIAL STATEMENTS Target Corporation is an American retail corporation. It is a general merchandise retailer with stores in all 50 US states and the District of Columbia. 75% of the US population lives within 10 miles of a Target store. The tagline of the company is "Expect More. Pay Less. The Corporation provides an adjusted Trial Balance as of December 31, 2019 wluch is given below: Details Debit OMR Debit OMR 34.400 32,000 4.000 75.900 22,000 60.000 15,000 35,000 7,000 2,200 31000 109,700 Cash Merchandise inventory Inventory returns estimated Store equipment Accumulated depreciation store equipment Office equipment Accumulated depreciation office equipment Accounts payable Sales refund payable Notes payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Selling expenses General and administrative expenses Interest expense Merchandise Laventory - Opening Purchases Purchase discounts Purchase returns and allowances Transportation in Total 48.000 335,000 8,000 13,500 33,500 19,800 800 20.000 240,000 25.000 15.000 Active 5.000 596.900 596.900 10. Focus sh (United States 15,000 Purchase returns and allowances Transportation in Total 5.000 596,900 596.900 WOOD Closing Merchandising Inventory of the Corporation is OMR 29,000. You are required to prepare the following financial statements from the above information as on 31 December 2019 1) A Statement of Cost of Goods Sold 1) A Multiple Step Income Statement I) A Statement of Retained Earnings iv) You are required to draft a report on the Financial Performance of the business