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Hakiem Rastali Enterprise recorded cash sales of RM140,000 and credit sales of RM1,400,000 for the accounting period ended 31 December 2021. Throughout the period, the total cost of merchandise inventories was RM1,050,000. Other expenses incurred were for Selling and Administrative at RM120,000. Determine Hakiem Rastali Enterprise net profit. Select one: O A . RM350,000 O B. RM490,000 O C. RM370,000 O D . RM230,000 An asset account has a balance of RM550,000 on 1 June 2022. In June, new assets were bought for RM490,000, and assets with historical value of RM100,000 were sold. What is the assets account balance on 30 June 2022? Select one: O A. RM1,040,000 O B. RM550,000 O C. RM940,000 O D . RM1, 140,000