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Bacall Company is nearly ready to start trading, having completed two key actions noted in its opening balance sheet. It has secured financial resources totaling €195,000, comprised of €150,000 in fixed funds (capital plus financial liabilities) and €45,000 in short-term funds. The company utilizes these funds to acquire €90,000 in equipment and €45,000 in initial stock, with additional cash remaining. Bacall has opened a shop and hired a salesman to commence trading. The company is set to pursue its economic objectives tied to its core business of clothing sales. The operating cycle of the company is established as it begins this new phase.