You are a financial advisory consultant. One of your key clients, a corporate business just completed acquiring a large size of cattle farm with bulls and cows. The CEO asked your advice, with regards to how should the corporation record the bulls and cows, they are assets to the corporation? if so, what type of assets to be classified as, with what are sensible rationale and what are your basis for a particular classification ? (i.e. inventory, supplies, fixed asset, investment asset, operating asset, or any other types of assets?) Please recall definition of inventory you had learned in your accounting 1A course you had completed. Now here we are, you are in accounting 1B course, please compare the inventory asset you had studied in 1A course, to this ch.10, operating fixed asset (PP&E), in terms of its' purposes, nature, usages, and intention of "holding /owning these assets" within their respective businesses (4 different types of businesses described at below). 1. the business is a cattle farm/dairy farm, producing meats, milk, and other dairy products. 2. the business is a biotech science research firm, experimenting genes and stem cells. 3. the business is an investment and trading firm, specializing in live stocks in an open market. 4. the business is an entertainment firm, located in Spain, Toro Bravo (Spain Bull fighting festival) Please discuss what type of assets for each of the above types of business, but More Importantly, please state your own logic, rationale, and justifications explaining why