Question 1 Kedai Roti Sedap commenced the business on 1st January 2020 nearby. Explain what is assets, liabilities and owner's equity. Based on the business running by Kedai Roti Sedap, provide TWO (2) examples of the below items: Fixed assets. Current assets. Short term liabilities. Long-term liabilities. At the beginning of the year, X-Men Sdn Bhd owned assets amounting to RM405,000 and the owner's equity of RM580,000. During the year, its assets increased by RM125,000 and its liability increased by RM66,000. How much is the owner's equity at the end of the year? The following are the year end balances in Rina's ledgers: RM Sales Purchases 425,000 290,000 Land and building 500,000 Mortgage on premises 410,000 Inventory 28,400 Prepaid telephone expenses 250 Accrued salaries 4,520 Capital 228,880 Based on the ledger above, prepare the Trial Balance for Rina. Question i and ii are related to the information below: