B1 Larry, a Malaysian citizen, bought a unit of condominium in Kuala Lumpur for RM 600,000. Larry signed the sale and purchase agreement on 1 May 2015 and settled the remaining consideration a month later. Larry incurred stamp duty of RM 20,000 and legal fees of RM 8,000. During the period of ownership, Larry spent RM 20,000 to extend the kitchen and RM 5,000 for minor repairs. A compensation of RM 12,000 was also received in year 2017, due to damages suffered during a renovation carried out in the condominium unit above his. In December 2019, Larry disposed of the condominium to his friend for RM 1 million. He spent RM 2,500 for valuation and RM 23,000 for brokerage fees for the disposal. Required: Compute the chargeable gain subjected to real property gains tax from the disposal of the condominium. Question Total - 15 marks Note: You must indicate by the use of the word 'nil' any item referred to in the question for which no adjusting entry needs to be made