MAIZA Equipment Bhd is a distributor of food processing and commercial kitchen solutions for customers in the food and beverage industry in Malaysia. The following trial balance relates to MAIZA Equipment Bhd as at 31 December 2017. 

On 1 January 2016, the company acquired an environmentally friendly equipment costing RM5,000,000 with useful life of 10 years. For the acquisition purposes, the company received RM1,000,000 of government grant. The company treated the grant under deferred income method. However, on 31 December 2017, the company is unable to fulfil the requirements embedded in the grant. As a result, the grant become repayable. This adjustment has not been accounted for in the books of MAIZA Equipment Bhd.

Required:

How to record to the relevant financial statements (Statement of Financial Position / Statement of Profit or Loss/ statement of changes equity in a form suitable for publication during the year ended 31 December 2017 

Revenue Cost of sales Distribution costs Administrative expenses Finance costs Rental income Dividend paid Customer list on 1 January 2017 Land at valuation on 1 January 2017 Building at valuation on 1 January 2017 Plant and equipment at cost on 1 January 2017 Accumulated depreciation as at 1 January 2017 Building Plant and equipment Accumulated amortization as at 1 January 2017 Customer list Asset revaluation reserves Investment property on 1 January 2017 Inventories at 31 December 2017 - Trade and other receivables Bank Trade and other payables Deferred income Deferred income realized Tax paid Ordinary share capital Non-redeemable preference share capital Retained earnings at 1 January 2017 Bank overdraft Loan from Commercial Bank DEBIT RM'000 606,400 35,000 100,000 1,300 25,000 16,000 50,000 155,000 120,000 45,000 119,300 90,000 5,000 30,000 1,398,000 CREDIT RM000 956,000 2,000 25,000 48,000 3,200 28,125 104,775 800 100 100,000 25,000 53,000 2,000 50,000 1,398,000