Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 28, 2012. ($ millions)Fiscal year ended January 28, 2012 Sales$77,466 Net credit card revenues1,399 Total revenues78,865 Cost of sales47,860 Selling, general and administrative expenses14,106 Credit card expenses446 Depreciation and amortization2,131 Earnings before interest expense and income taxes14,322 Net interest expense866 Earnings before income taxes13,456 Provision for income taxes1,527 Net earnings$11,929 Note: Round your answers to one decimal place (ex: 0.0715 = 7.2%). TARGET CORPORATION Common-Size Income Statement Year Ended January 28, 2012 SalesAnswer Net credit card revenuesAnswer Total revenuesAnswer Cost of salesAnswer Selling, general and administrative expensesAnswer Credit card expensesAnswer Depreciation and amortizationAnswer Earnings before interest expense and income taxesAnswer Net interest expenseAnswer Earnings before income taxesAnswer Provision for income taxesAnswer Net earningsAnswer

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."