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The following financial data were adapted from a recent annual report of Target Corporation for the year ending January 28, 20Y2

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The following financial data were adapted from a recent annual report of Target Corporation for the year ending January 28, 20Y2.In millionsAccounts payable …………….$ 6,857Capital stock …………….. 2,862Cash …………………. 794Cost of goods sold …………..47,860Debt and other borrowings ……….. 17,483Income tax expense ………….. 1,527Interest expense ……………. 866Inventories ……………… 7,918Other assets …………….. 2,842Other expenses …………….. 2,577Other liabilities ……………. 6,469Other credit card revenue ………… 1,399Property, plant, and equipment ………29,149Receivables ……………… 5,927Sales ………………..68,466Selling, general, and administrative expenses ….14,106Instructions1. Prepare Target’s income statement for the year ending January 28, 20Y2.2. Prepare Target’s 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.