StarGate Technology, Inc. $($STI$),$ situated in Jubail Industrial City, is one of the region's largest electronics manufacturers and importers. To keep their competitive advantage in the industry, STI must ensure that supplies of parts such as semiconductors are always available and sufficient. In this regard, STI is considering investing in LoveChip Semiconductor Co$.$ Ltd$.($LSCL$)$ and acquiring the majority of the shares in order to gain control over semiconductor production.

$$

Recognizing the importance of engineers in this type of decision making, STI has assigned your team of engineers the task of reviewing the LSCL$\text{'}$s financial performance in $2023$ as well as its financial position at the year$-$end $2023.$ To complete this task, your team met with the LSCL Finance Department several times and received the firm's $2023$ financial statements, which are shown below. In addition, you also obtained the LSCL ratio values for $2021$ and $2022,$ as well as the $2023$ industry average ratios $($also applicable to $2021$ and $2022).$

After reviewing, analyzing, and evaluating the gathered material presented above, your team is required to prepare a detailed report to management that includes the following parts:

$$

A$.$ Cover Page $($show the title of the report and the names of the team members$)$

B$.$ LSCL Financial Statements

a$.$ Balance Sheet

b$.$ Income Statement

C$.$ Financial Analysis and Interpretation $($complete solution and meaning of the results$)$

Summary, Conclusion and Recommendation $($with justification$).$ Note: Update the Historical Ratio Report to include the "Actual $2023"$ column and enter the relevant data into the table based on your computations. The updated report shall be included in the Summary.