From the income statement, determine the income tax expense for the year ended February 3, 2018. Tie

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Question:

From the income statement, determine the income tax expense for the year ended February 3, 2018. Tie that number to the second table in Note 23, “Provision for Income Taxes” and prepare a summary journal entry that records Target’s income tax from continuing operations. (Note that your summary journal entry should only have 3 accounts total.)

Feb. 03, 2018	Jan. 28, 2017	Jan. 30, 2016
Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Income Statement [Abstract]
Sales		$ 71,879	$ 69,495	$ 73,785
Cost of sales (a)	^[1]	51,125	49,145	52,241
Gross margin		20,754	20,350	21,544
Selling, general and administrative expenses		14,248	13,356	14,665
Depreciation and amortization (exclusive of depreciation included in cost of sales)	^[1]	2,194	2,025	1,969
Gain on sale		0	0	(620)
Earnings from continuing operations before interest expense and income taxes		4,312	4,969	5,530
Net interest expense		666	1,004	607
Earnings from continuing operations before income taxes		3,646	3,965	4,923
Provision for income taxes		718	1,296	1,602
Net earnings from continuing operations		2,928	2,669	3,321
Discontinued operations, net of tax		6	68	42
Net earnings		$ 2,934	$ 2,737	$ 3,363
Basic earnings per share
Continuing operations (in dollars per share)		$ 5.35	$ 4.62	$ 5.29
Discontinued operations (in dollars per share)		0.01	0.12	0.07
Net earnings/(loss) per share (in dollars per share)		5.36	4.74	5.35
Diluted earnings per share
Continuing operations (in dollars per share)		5.32	4.58	5.25
Discontinued operations (in dollars per share)		0.01	0.12	0.07
Net earnings/(loss) per share (in dollars per share)		$ 5.33	$ 4.70	$ 5.31
Weighted average common shares outstanding
Basic (in shares)		546.8	577.6	627.7
Dilutive effect of share-based awards (in shares)		3.5	4.9	5.2
Diluted (in shares)		550.3	582.5	632.9
Antidilutive shares (in shares)		4.1	0.1	0.0
Dividends declared per share (in dollars per share)		$ 2.46	$ 2.36	$ 2.20