Judicious company acquired an equity investment a number of years ago for P 3,000,000 and classsified it as at fair value through other comprehensive income.

On Decmeber 31, 2019, the cumulative loss recognized in other comprehensive income was P400,000 and the carrying amount of the investment was P2,600,000

On december 31, 2020, the issuer of the equity investment was in sever financial difficulty and the fair value of the equity instrument had fallen to P 1,200,000. what cumulative amount of unrealized loss should be reported as component of other comprehensive income in the statement of changes in equity for the year ended december 31, 2020.

Select the correct response:

• 1,400,000
• 1,800,000
• 1,000,000
• 0