A term male neonate born to a 28-year-old primigravida at a district hospital in rural Maharashtra presents with poor cry and cyanosis at birth. The obstetrician notes meconium-stained amniotic fluid. At 1 minute of life, the baby has a heart rate of 85 bpm, weak cry, some flexion of limbs, and central cyanosis. The pediatrician assigns an APGAR score and decides on immediate intervention. What is the APGAR score at 1 minute, and what is the most appropriate immediate management?