At the beginning of the current year, the memorandum records of Anne Companys defined benefit plan showed the following:

Fair value of plan assets	P 7,500,000
Defined benefit obligation	(11,000,000)
Prepaid(accrued) defined benefit exp.	(P3,500,000)

The entity determined that its current service cost was P1,000,000 and the interest cost is 10%. The expected return on plan assets was 12% but the actual return during the year was 8%. Other related information at the end of the year:

Contribution to the plan	P1,200,000
Benefits paid to retirees	1,500,000
Decrease in defined benefit obligation due to changes in actuarial assumptions	200,000

Calculate the net amount that the entity would recognize in OCI for the year in accordance with the revised PAS 19

Group of answer choices

P50,000 loss

P50,000 gain

P200,000 loss

P200,000 gain