ABC Corporation purchased an equipment on January 1, 2019, for P300,000, with a useful life of three (3) years and no residual value. On December 31, 2019, ABC Corporation determined it has an impairment loss of P20,000. At the end of 2020, ABC Corporation determines that the recoverable amount of the equipment is P100,500. Determine the impairment loss or reversal of previously recorded impairment loss to be reported in the Statement of Comprehensive Income for 2020.