Salomon &Co (Lesotho) Ltd is a small company consisting of Salomon, his sons and his brother. Salomon is the managing director and a principal shareholder. Their sole business is to manufacture shoes and boots. Their principal customer takes about 60% of their sales.Due to economic recession, their principal customer decided to switch their order to a cheaper supplier.As a result, Salomon &Co (Lesotho) Ltd are now teetering on the brink of insolvency. The creditors are threatening to put the company into liquidation.Required:Advise Salomon. (10 marks)