Suppose PAPAs Bottle Manufacturing has planned to start their business from October 1, 2020 and wanted to include following assets in balance sheet as at December 31, 2020:

Cash $ 550,000

Accounts Receivable 111,000

Inventory 430,000

Office Equipment 47,000

Computer Equipment 25,000

Furniture & Fixture 799,000

Machinery 5,750,000

Instructions:

1. If you are the finance manager of PAPAs Bottle Manufacturing, how many sources of funds you have to finance above assets? Explain
2. How many liability options, you have to support your funding requirements?
3. Prepare balance sheet with appropriate liability (both internal and external) to match with above assets.

The process should be shown step by step with full details