Please see attachement for specific instructions. Listed are discussion posts an
Please answer the questions below in an essay format. An introduction and coclusion are needed. Targets financial information attached.Target Corporation prepares its financial statementsaccording to U.S. GAAP. Targets financial statements and disclosure notes forthe year ended February 3, 2018, are available here. This material also isavailable under the Investor Relations link at the companys website.Required: Target has both defined contribution and definedbenefit pension plan. In Note 28 Pension and Postretirement Health CarePlans, Target describes its defined benefit plans. After reviewing TargetsFinancial Reports and Disclosures, please answer the following questions:a. What were the changes in Targets Projected BenefitsObligation in the fiscal years ended February 3, 2018 (fiscal 2017), andJanuary 28, 2017 (fiscal 2016), for its qualified pension plans?b. What were the changes in Targets Pension Plan Assets inthe fiscal years ended February 3, 2018, and January 28, 2017, for itsqualified pension plans?c. Were these pension plans overfunded or underfunded forthe fiscal years ended February 3, 2018, and January 28, 2017?d. What were the components of Targets Pension Expense inthe fiscal years 2017, 2016, and 2015?e. In conclusion, what suggested solutions will yourecommend ensuring pension plans are properly funded?