Premium Glove Sdn Bhd (PG) is a leading manufacturer of disposable rubber gloves. PG located in Perak and is planning to expand its production lines to meet the extensive demand for its products in Malaysia.

PG's budgeted profits and capital expenditure in 2020 and 2021 are shown below:

2020 RM'000 2021 RM'000 Adjusted income 1,680 7,200 Capital allowance 800 900 Rental income (net) 45 58 Approved donations 35 40

Projected capital expenditure:

Land in Perak 1,600 Nil Factory 3,000 1,500 Plant & machinery 1,300 400 PG is entitled to 60% of the qualifying expenditure to be offset against 70% of the company's statutory income. Required: Calculate the reinvestment allowance claim and compute the chargeable income of PG incorporating reinvestment allowance for years of assessment 2020 and 2021.