Required: 1. Work out Retained Profit on 31 January 2016; 2. Prepare a worksheet outlining the transactions of HIGH Energy Ltd in February and March 2016. Ignore tax. (Your worksheet should include the initial balances and the adjustments where necessary according to the additional information collected) 3. Prepare an income statement for the period from 1 February to 31 March 2016; 4. Prepare a classified balance sheet as at 31 March 2016; 5. Prepare a classified cash flow statement for the period from 1 February to 31 March 2016; 6. Explain what the above financial statements indicate about the financial position and performance of HIGH Energy Ltd. 7. Select a benchmarking company for further analysis. You need to choose a company from a list of Selected ASX Listed Companies provided as a separate file under Assignment on the course website. Assume the company selected represents the industry average and can be used as a benchmarking company. The name of the company selected should begin with the same letter of the alphabet as your own name, e.g. if your name is Allen Moore, you can use either ADX Energy Limited or Mission Newenergy Limited. If you cannot find an appropriate company match for your name, you may randomly select a company from the list but you need to clearly explain in your assignment why the companies that follow the same letter in your name are not used. Then go to the company information database DatAnalysis Premium via the UniSA Library website. Under Company Reports, search the company according to its ASX Code or part of the company name. Go to Financial Data to review the company's financial statements in 2015 (if a 2015 report is not available, you can use the 2014 report). Analyse and compare the financial results of this benchmarking company and HIGH Energy Ltd. Your focus should cover the following points: 1) Which company is more profitable and generates healthier returns? 2) How well are the two companies managing their resources? Do you think they are efficient in managing their assets? 3) Can they meet their short term and long term debts? 8. Go to Annual Reports to review the most recent reports (preferably the past three years) of the selected benchmarking company. Are there any additional issues of concern related to this benchmarking company's financial position and performance? Discuss how these additional issues and evidence disclosed in the annual reports may influence your interpretation and comparative results? 9. Does the benchmarking company produce any report or information about environmental issues such as carbon emissions or renewable energy? Do you think HIGH Energy Ltd should follow what the benchmarking company is doing? Do you agree with Matthew's view about reporting on environmental activities and investment in energy solutions? Explain.