Jessie Co. sponsors a defined benefit pension plan. For the current year ended December 31, the following information relevant to the plan has been accumulated:

Defined benefit obligation, 1/1	P10,000,000
Fair value of plan assets, 1/1	9,000,000
Current service cost	3,000,000
Gain on settlement	500,000
Actual return on plan assets	630,000
Increase in defined benefit obligation due to changes in actuarial assumptions	800,000
Market yield on high quality corporate bonds	6%
Yield on bonds issued by the entity	8%
Expected return on plan assets	9%

Calculate the amount that the entity would recognize in profit or loss for the year in accordance with the revised PAS 19

Group of answer choices

P2,590,000

P2,560,000

P2,570,000

P2,580,000