Estrada, a customer of De Venecia Trading, had an account balance of P82,500 when the generator set he purchased from the latter was repossessed. The generator was previously sold to him by De Venecia for P137,500 on instalment at a gross profit of 40%. Assuming the repossessed generator had an appraised value of P44,550, what will be the gain (loss) to be recognized by De Venecia upon repossession? O (P22,770) O ( P4,950) O (P37.950) OP 11,550