We'll develop the "space ring" layer by altering it using the five Location tab parameters: Magnification, Rotation Angle, Center (X, or real, and Y, or imaginary, values), Stretch, and Skew.

Originally I developed these quantities by key-and-mouse drags, observing as the figure changed. I'll give you the values that I determined in this way for you to type, or copy and paste, into the Location tab parameters.
 

 
Here's the present undeveloped "space ring" layer corresponding to the current settings shown above:

 
First, we'll double the Magnification of the image, from a value of approximately "1" to a value of approximately "2":
 

 
The magnified image should look like this:

 
Next we'll rotate the image through an angle of approximately 30 degrees.
 

 
The rotated image should look like this:

 
Notice that the Lake transformation, which this layer inherited from the "lords 1" layer, continues to function in a vertical manner even after rotation of the image.

As a next step, we'll pan the image slightly upward and to the right.
 

Then type, or copy and paste, the following number into the Center (Im) parameter (the Y value): -0.98381689175

 
The panned image should look like this:

 
Now, as the first of the two deforming operations, we'll apply some stretch.

 
The stretched image should look like this:

 
A good-looking space image is emerging now, in the upper right-hand corner.

The final alteration to the developing "space ring" image will be a skew.

 
The skewed image should look like this:

 
This is what I was looking for.

All that is required now is to trim a little off of the bottom.
For this, we will use the Clipping transformation.