Complex sentence: Out-ranged and out-gunned, "Pegasus" was incapacitated within 8 minutes and the Captain, Commander Ingles struck the colours to avoid further bloodshed and the ship sank later that day with the loss of 38 killed and 55 wounded.
Split into simpler sentences: Out-ranged and out-gunned, "Pegasus" was incapacitated within 8 minutes and the Captain, Commander Ingles struck the colours to avoid further bloodshed. The ship sank later that day with the loss of 38 killed and 55 wounded.