I understand its a big question but please help asap. It is due soon and I have no clue how to do it. Would appreciate a lot

You are provided with the following 2018 income statement and balance sheet for Flamingo Office Property Trust: in $millions Flamingo Office Property Trust Income Statement Year to June 2018 Rental income 305 Interest income 0 21 Share of profits of associates Gain (loss) in fair value of properties 200 Rates and taxes (1) Operating expenses Borrowing expenses Manager's fees (11) (40) (62) (30) Net loss in fair value of derivatives in $millions Flamingo Office Property Trust Balance Sheet Year to June 2018 Cash 20 Prepayments and receivables 40 Investment properties 3090 Investment in associates 495 Payables 25 105 Interest-bearing liabilities (Note A) Final distribution 55 Loans, bonds and notes (Note A) 690 Derivative financial liabilities 40 Issued capital 440 Reserves 2290 You are also provided the following forecasts for 2019: Rental income fell by 10% Interest income has been declining by $3m pa Share of profits of associates has been declining by $9m pa Rates and taxes have increased steadily by 5% pa Operating expenses have increased steadily by 5% pa Borrowing expenses have been around 5% of total debt Manager's fees is 2% of Investment properties Cash fell by 3% Pay and Rec fell by 5% Investment properties increased by 5% Investment in associates fell by 8% Payables increased by 10% Interest-bearing liabilities fell by 20% Final distribution has been falling by 5% pa Loans, bonds and notes increased by 12% Derivative financial liabilities were 40 in 2018, 30 in 2019 Issued capital is the plug figure, i.e. total assets - (total liabilities plus reserves) Reserves have been falling by 6% pa Note A-Borrowings in $ millions Current Expiry Discounted bills 31-Mar-19 Discounted bills 30-Oct-20 Bank A secured loan 31-May-21 Non-current Bank A secured loan 31-May-21 Bank B unsecured loan 30-Sep-22 30-Jun-19 Commercial mortgage backed securities Private placement of 3 year notes 30-Sep-22 Private placement of 5 year notes 30-Jun-24 Unsecured bonds 31-Jan-25 Required Part A i. Construct Flamingo's income statement and balance sheets for 2018-2019 Comment on the profitability trend Do the trends reflect current reality? Exp iii. Comment on the current ratio trends for 2018-2019, including implications for further debt financing options and prospects iv. Comment on the debt to property ratio trends for 2018-2019. Include in your commentary the relevance of the maximum ratio if it is 20%. Do the trends reflect current reality? v. Comment on the structure of debt financing and implications for possible breach of covenants You are provided with the following 2018 income statement and balance sheet for Flamingo Office Property Trust: in $millions Flamingo Office Property Trust Income Statement Year to June 2018 Rental income 305 Interest income 0 21 Share of profits of associates Gain (loss) in fair value of properties 200 Rates and taxes (1) Operating expenses Borrowing expenses Manager's fees (11) (40) (62) (30) Net loss in fair value of derivatives in $millions Flamingo Office Property Trust Balance Sheet Year to June 2018 Cash 20 Prepayments and receivables 40 Investment properties 3090 Investment in associates 495 Payables 25 105 Interest-bearing liabilities (Note A) Final distribution 55 Loans, bonds and notes (Note A) 690 Derivative financial liabilities 40 Issued capital 440 Reserves 2290 You are also provided the following forecasts for 2019: Rental income fell by 10% Interest income has been declining by $3m pa Share of profits of associates has been declining by $9m pa Rates and taxes have increased steadily by 5% pa Operating expenses have increased steadily by 5% pa Borrowing expenses have been around 5% of total debt Manager's fees is 2% of Investment properties Cash fell by 3% Pay and Rec fell by 5% Investment properties increased by 5% Investment in associates fell by 8% Payables increased by 10% Interest-bearing liabilities fell by 20% Final distribution has been falling by 5% pa Loans, bonds and notes increased by 12% Derivative financial liabilities were 40 in 2018, 30 in 2019 Issued capital is the plug figure, i.e. total assets - (total liabilities plus reserves) Reserves have been falling by 6% pa Note A-Borrowings in $ millions Current Expiry Discounted bills 31-Mar-19 Discounted bills 30-Oct-20 Bank A secured loan 31-May-21 Non-current Bank A secured loan 31-May-21 Bank B unsecured loan 30-Sep-22 30-Jun-19 Commercial mortgage backed securities Private placement of 3 year notes 30-Sep-22 Private placement of 5 year notes 30-Jun-24 Unsecured bonds 31-Jan-25 Required Part A i. Construct Flamingo's income statement and balance sheets for 2018-2019 Comment on the profitability trend Do the trends reflect current reality? Exp iii. Comment on the current ratio trends for 2018-2019, including implications for further debt financing options and prospects iv. Comment on the debt to property ratio trends for 2018-2019. Include in your commentary the relevance of the maximum ratio if it is 20%. Do the trends reflect current reality? v. Comment on the structure of debt financing and implications for possible breach of covenants