Floating Island Punch

INGREDIENTS

• 2 cups water
• 2 cups white sugar
• 1 (12 fluid ounce) can frozen lemonade concentrate
• 1 (12 fluid ounce) can frozen orange juice concentrate
• 1 pint orange sherbet
• 1 liter ginger ale
• 1 liter carbonated water
• 1 (4 ounce) jar maraschino cherries
• 1 orange, sliced in rounds
• 4 cups ice