Holly's Doughnuts

Ingredients

• 1 1/2 cups flour
• 1/2 cup sugar
• 1 1/2 tsp baking powder
• 1 tsp cinnamon
• 1/2 tsp ground nutmeg
• 1/4 tsp salt
• 1/2 cup water
• 1/4 cup margarine, melted
• 1 1/2 Tbsp oil
• 1 1/2 Tbsp water
• 1 tsp baking powder
• 1/2 tsp vanilla extract
• powdered sugar