write your answers in report format. Stage 1. Preparation and Analysis of Financial statements (Using excel). In your stage one you are required to prepare and analyse the financial statements of Australian Fresh Ltd and Woolworths Group Ltd. Australian Fresh Ltd has provided financial information for year ending June 2020. Items Amount ($Million) Cash 2020 Trade receivables 685 Assets held for sale 795 Land 17000 Investment in shares 7950 Delivery trucks 6000 Sales revenue from goods and services 62600 Cost of Sales 34650 Other Revenue 270 Borrowings 8350 Marketing expense 9595 Admin expense 3990 Repair and maintenance expense 2350 Trade and other payables 7750 Loan from ASX Bank payable on demand 2275 Other short-term financial liabilities 3630 60 wages payable Provisions 1080 Secured debts (maturity greater than five years) 5945 Share Capital ?? Reserve 1570 Interest expense 650 Inventory 4380 7810 1235 Insurance expense Income tax expense 680 Staff wages Additional Information: Depreciation for delivery trucks has not been recorded for year ended 30th June 2020. These trucks were purchased on 19 October 2019 to manage the high demand. Australian Fresh decided to use straight line method. These delivery trucks have a scrap value 1000($M) and useful life of 5 years. *Land has unlimited useful life. Assets held for sale are highly probable and available for immediate sale within six months. Company issued 1270 (Millions) (12 70 000 000) ordinary shares to its shareholders in 2020. Australian Fresh Ltd paid out 40% of the profit as a dividend to its shareholders in 2020, . . Required: 1. Prepare a classified income statement for Australian Fresh aid for the year ended 30th June 2020. In Income statement include additional profit measures e.g. Gross profit, EBITDA, EBIT. Also, Market performance measures e.g. Earnings per share, dividend for 2020 and dividend per share. (show your working out for each in your working notes.) . . 2. Prepare a classified balance sheet as at 30 June 2020 for Australian Fresh Ltd