Kiray Company's depreciation policy on machinery and equipment is as follows: A full year's depreciation is taken in the year of an asset's acquisition. No depreciation is taken in the year of an asset's disposition. The estimated useful life is 5 years. The straight-line method of depreciation is used. On June 30, 2019, Kiray sold for P230,000 a machine acquired in 2016 for P420,000. The accumulated depreciation for this machine was P216,000 at December 31, 2018 and the original estimated salvage value was P60,000. How much gain or (loss) on the disposal should Kiray record in 2019