33. On December 31, 2021, George Company was experiencing financial difficulties and entered into a debt restructuring agreement with the creditor. The creditor restructured the obligation as follows: The principal was reduced from P20,000,000 to P18,000,000. Forgave the accrued interest of P2,400,000. Extended the maturity date from Dec. 31, 202015 to Dec. 31, 2024. Reduced the interest from 12% to 10%. Interest is payable annually on December 31, 2022, 2023, and 2024. The prevailing rate of interest for a similar debt Instrument as of December 31, 2021 is 11%. How much should be the creditor report as loss on debt restructuring? . 5.289.920 3.908 400 0 4.842,800 lp