this is the answer:

Target Corporation

Statement of Cost of Goods Sold

For the year ending December 31, 2019

Particulars	Amt	Amt
Merchandise Inventory opening	20,000
Purchase	240,000
Purchase returns and allowances	(15,000)
Merchandise Inventory closing	(29,000)	216,000
FOH:
Transportation in	5,000	5,000
Cost of Goods Sold		221,000

Target Corporation

Income Statement

For the year Ending December 31, 2019

Particulars	Amt	Amt
Revenue:
Sales	335,000
Sales returns and allowances	15,500
Cost of Goods Sold	221,000
Total Revenue	571,500	571,500
Income:
Purchase discounts	25,000
Total Income	25,000	25,000
Expenses:
Accumulated depreciationstore	22,000
Accumulated depreciationoffice	15,000
Sales discounts	8,000
Selling expenses	33,500
General and administrative expenses	19,800
Interest expense	800
Total Expenses	(99,100)	(99,100)
Profit Before Tax	497,000
Less: Tax	-	497,000
Profit After Tax	497,000	497,000

Target Corporation

Statement of Retained Earning

For the year end December 31, 2019

Particulars	Amt
Retained earnings	109,700
Add:
Net Profit	497,000
Less:
Dividend Declared	(48,000)
Retained earnings, December 31, 2019	449,000

this is my question (i want answer it through the data above (answers are above):

You are required to draft a report on the Financial Performance of the business.

PLZ answer in the form of pharagraph (100 words)