Question 5.(10 marks) Miss Fan operates a nail bar business in Hong Kong. She asked a clerk Miss Lin to keep the records for the business which were incomplete and not following the proper accounting procedures. Since the incorporation of the business in June 2018, Miss Fan has been using estimated profits to complete the profits tax return to the Inland Revenue Department (IRD). Recently Miss Fan received enquiries from IRD and was asked to produce supporting records of her profits tax returns. Required: Explain to Miss Fan the possible penalties and prosecution actions that could be taken by the Inland Revenue Department according to the Inland Revenue Ordinances. (Total marks: 10)