2. A plant asset purchased for P30,000 at the beginning of the year has an estimated life of 5 years and a residual value of P3,000. Depreciation for the second year, determined by the sum-of-the-years'-digits method is P 3. An item of equipment with a cost of P43,000 and accumulated depreciation of P12,000, is sold for P28,000. The gain or loss recognized on the disposal (indicate by "G" or "L" is P 4. An item of plant asset with a cost of P70,000, estimated life of 5 years, and residual value of P10,000, is depreciated by the straight-line method. This asset is sold for P48,000 at the end of the second year of use. The gain or loss on the disposal (indicate by "G" or "L") is P