This is a Group Assignment Pioneers Ltd has been operating for 3 years. Shown below are the financial statements for the company over 3 year's period, as well as details relating to transactions, which have occurred in the previous financial year (2021/22). Required 1. Using the transaction data given for the year ending June 30th, 2022, analyse each transaction and operating expenses independently in terms of the Accounting Equation (clearly showing the effect on Assets, Liabilities and Owner's Equity - including Capital, and Retained Earnings). (30% of Total Marks) 2. Prepare a classified Income Statement for 2021/22, Retained Earnings Statement and a Balance Sheet as at 30th June 2022. **Take note Income Statements given for previous years are a summary. (35% of Total Marks) 3. Using the Statements, you have prepared, and the previous statements below, you are required to write a report on the evaluation of the long-term and short-term financial health of Pioneers Ltd, based on the three different categories of ratios (liquidity, profitability, and Solvency), and three years of history. Use any of the financial ratios that are helpful to give a thorough analysis (from the lecture PowerPoint, or from financial databases). The written report and summary of the calculation should not be longer than 1200 words, not including calculations. Full calculations must be shown in appendices. (35% of Total Marks)