**PLEASE ANSWER THE QUESTION BRIEFLY

10. Ikan oh Ikan Enterprise started business in 2016 with a capital of RM10,000 and loan amounting RM30,000. The business sells keropol (fish crackers) and all sorts of fish products. The business has expanded and requires Mek Ha, the owner to expand the business. During the second year of business, Mek Ha brought in her own car to be used in the business worth RM15,000 and additional cash RM8,000 to top-up the capital. She then purchased, machined at a cost of RM13,500 to help her to coper with the high demand of keropok especially during the school holidays. She hired 2 workers to help her manage the business. Required: a) State the basic accounting equation b) Calculate the value of assets owned by the business during the first year of business c) Compute the additional capital contributed by Mek Ha during the second year. d) Give any THREE (3) types of expenses that Ikan oh Ikan Enterprise might incur. e) Give any THREE (1) types of revenues that Ikan Oh Ikan Enterprise might receive