Question: Please complete requirement 2 and explain how you got to the correct answer and also please confirm if requirement 1 is correct. Required information [The

 Please complete requirement 2 and explain how you got to the

correct answer and also please confirm if requirement 1 is correct. Required

information [The following information applies to the questions displayed below.) Target Corporation

Please complete requirement 2 and explain how you got to the correct answer and also please confirm if requirement 1 is correct.

Required information [The following information applies to the questions displayed below.) Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material is also available under the Investor Relations link at the company's website (www.target.com). Target leases most of its facilities. Required: 1. Refer to disclosure note 22 following Target's financial statements. What is the amount reported for "capital" leases (shown as the present value of minimum lease payments)? What is the total of those lease payments? What accounts for the difference between the two amounts? 2. What is the total of the operating lease payments? Required 1 Required 2 What is the total of the operating lease payments? Total future operating lease payments million Required 1 Required 2 What is the amount reported for "capital" leases (shown as the present value of minimum lease payments)? What is the total of those lease payments? What accounts for the difference between the two amounts? (Enter your answers in millions (i.e., 10,00,000 should be entered as 10).) Capital Leases $ 2,001 Total future minimum lease payments Less: Interest Present value of future minimum capital lease payments 849 $ 1,152

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