Merzin Unit Trust (MUT) was established in 2015 and invested its fund in shares and fixed deposits. In January 2020, MUT purchased a building and has installed a generator before the building can be rented out. The cost of the generator installation is amounted to RM800,000 and RM1,000,000 for the cost of preparing and levelling the land. The profit and loss account for MUT for the year ended 31 December 2020 is as follows:

RM'000 RM'000 Income: Dividends 500 Gains from realizing of investment 700 Interest 100 Rental 800 2,100 Expenses: Remuneration for trust managers 25 Property management fees 13 Fund management fees 22 Share registration fees 13 Audit and accounting fees Assessment and quit rent 23 Printing, telephone, and stationery expenses 17 Office rental 38 Fire insurance 24 190 Net profit 1,910