Grainger ple had the following trial balance at 31 March 2020: Dr RM000 Cr RM000 Inventory at 1 April 2019 22,000 Vehicles at cost 20,200 Vehicles provision for depreciation at 1 April 2019 7,100 Equipment at cost 11,300 Equipment provision for depreciation at 1 April 2019 4,700 Land at cost 75,000 Buildings at cost 9.500 Buildings provision for depreciation at 1 April 2019 1,900 Sales revenue 161,000 Purchases 76,000 Dividend paid 2,700 Half-year's debenture interest paid 625 Over-provision for taxation in 2018/19 800 Other production costs 6,000 19,400 22,000 700 33,300 20,000 1,100 2,500 25,000 30,000 44,625 298,725 298,725 Other distribution costs Other administration costs Prepayments Trade receivables Trade payables Accruals Bank 5% debentures 2047 Ordinary shares of 50 sen each Retained earnings at 1 April 2019 The following additional information is available: i) Inventory at 31 March 2020 was RM18,800,000 ii) Vehicles were purchased during the year for RM1,800,000. iii) In March 2020 equipment which had cost RM550,000 was sold for RM175,000. It had a net book value at the date of sale of RM195,000 and the sale proceeds are to be received in April 2020. No entries have yet been made for this sale. iv) Land is to be revalued upwards by RM60,000,000 on 31 March 2020. v) Depreciation is to be charged for the year to 31 March 2020: 1. Vehicles at 40% on the reducing balance method 2. Equipment at 20% straight line 3. Buildings over 50 years. A full year's depreciation is charged in the year of purchase and none in the year of disposal. vi) The estimated charge for taxation for the year is RM7,500,000. vii) Debenture interest for the second half-year is unpaid and is to be accrued.