Particulars	Debit (RM'000)	Credit (RM'000)
Interest expenses	700
Tax payable		1,208
Freehold land at valuation as at 1 July 2018	142,600
5% Debentures		28,000

1. Asset revaluation reserve as at 1 July 2018 amounted to RM16 million as stated in the trial balance is related to the revaluation that was done a few years ago on the company's freehold land, located in Sepang. On 30 June 2019, the freehold land was once again revalued to RM160 million. However, the new revalued amount has not yet recorded.

2. On 29 June 2019, the company declared a final ordinary dividend of RM12 million in respects of financial year ended 30 June 2019. No payment and no records are made to account for the transaction.

3. 5% debenture refers to a debt instrument that has been issued by the company on 1 July 2014. The debenture is not backed by any companys assets as collateral and has a term of 15 years. The debenture carries a coupon rate of 5% per annum and pays the coupon semiannually. The principle amount is due upon maturity.

4. The current year tax rate is 25%. After the tax calculation is done by an authorized tax agent, the company's income tax expense for the year ended 30 June 2019 was estimated at RM1,512,000. Calculation of the tax expense is takes into account all related expenses and income such as expenses that are not allowed to be tax deductible, double deduction expenses and also capital allowance of the companys assets.

5. The financial statements for the year ended 30 June 2019 were signed and authorized by the board members for publication on 15 September 2019.

Based on the information given above, prepare the journal entries and the extract of financials.