For the following transactions, show the effect upon assets, liabilities and owner's equity in the accounting equation. You are also required to prepare statement of financial position. . On 1 Jan 2019, Ahmad started business and deposited RM20,000 into the business bank account. On 2 Jan 2019, the business bought office equipment from Wong Enterprise worth RM7,200. On 3 Jan 2019, the business paid Wong Enterprise RM3,600 by cheque