Dana Company accounts for noncurrent assets using the cost model. On October 1, 2017, the entity classified a noncurrent asset held for sale. At that date, the asset's carrying amount was P3,200,000, the fair value was estimated at P2,200,000 and the costs of disposal at P200,000. On December 15, 2017, the asset was sold for net proceeds of P1,850,000. What amount should be recognized as an impairment loss in 2017