1. 20, you have the following capital structure on your balance sheet: Assets: $1,000,000 Debt: $400,000 Equity: $600,000 Today is January 3, 2021 and you feel that you have too much liquidity (too much cash sitting in your cash account). Indicate how Assets, Debt, and Equity would adjust by reallocating $20,000 in cash under the following scenarios. Consider each scenario independently. a) You decide to use $20,000 in your cash account to pay down a portion of your equipment debt: Assets: Debt: Equity: b) c) You buy a piece of land for a selling price of $200,000, using $20,000 cash from your cash account and financing $180,000 with a bank: Assets: Debt: Equity: You decide to buy a new piece of equipment that costs $20,000. You use $20,000 from your cash account to purchase the equipment: Assets: Debt: Equity: You decide to take $20,000 from your cash account and give it to your assistant manager as a bonus for having such a good year in 2020: Assets: Debt: Equity: You decide to take $20,000 from your cash account and use it to pre-pay for fertilizer that you will be using in the near future: Assets: Debt: Equity: d) e) f) Which scenario is the best choice for you to select