Mazdar Construction undertook a contract to build a sport complex at an estimated price of RM10,800,000.00 which includes a budgeted profit of RM1,800,000.00. The following balances were extracted from the books for the year ended 31 March 2020:

RM'000

Materials issued to site 5,000

Wages paid 3,800

Plant hired 700

Site office costs 270

Materials returned from site 100

Direct expenses 500

Work certified 10,000

Progress payment received 7,200

Additional information:

A special plant was purchased specifically for this contract at RM800,000.00. It was valued at RM500,000.00 at the end of the contract.

The cost of materials at site at the end of the year was estimated at RM1,800,000.00. Direct wages accrued as at 31 March 2020 was RM110,000.00.

Required:

Prepare contract account for the year ended 31st March, 2020.