I need help with the following exercise of an introductory course in functional analysis.
Let $\mathbb{K}=\mathbb{R}\text{ or }\mathbb{C}$. Consider $l^1_N=\left\{x\in\mathbb{K}^N\colon||x||_1=\sum_{n=1}^N|x_n|< \infty\right\}$. We need to show that the closed unit ball ($B_1=\left\{x\in l_N^1\colon ||x||_1\leq 1\right\}$) is compact.
(I know that if a space is finite dimensional then it unit closed ball is compact. But here we are asked for a direct proof in this space without using this general result).
As a suggestion, it's enough to prove tha $B_1$ is sequentially compact (i.e. every sequence in $B_1$ has a convergent subsequence). I don't know how to construct such a subsequence exactly.
Thanks in advance.