The company acquired a building costing RM2,500,000 on 1 July 2013 with the estimated useful life of 30 years. The building is rented out to a third party for RM15,000 per month and the tenancy agreement will be expired on 30 June 2019. Since acquisition, the building was reclassified as investment property and the company adopts the fair value model to measures its investment property subsequent to the initial recognition. The fair value of the investment property on 30 June 2018 was RM4,628,000 and the figure has been recorded. Based on the tenancy agreement, the rental needs to be paid on annual basis and will be due on 30 June each year. However, the rental income for the year ended 30 June 2019 has not been received from the tenants and no record has been made to accrue the rental amount. As at 30 June 2019, the company decided not to renew the tenancy agreement and planned to use the building as the companys research center. The fair value of the building is RM5,350,000 on that date. No records have been made to account these transactions.

Prepare the journal entry and the extract of financials for the transaction above