On December 31, 2021, the Samar Company assesses whether there is any objective evidence that its maturing loans receivables are impaired as of that date. From Care Company - Principal P4,000,000 and accrued interest receivable of P480,000, based on annual interest rate of 12%, original due date December 31, 2021. It has come to your attention that Care Company, as of December 31, is undergoing financial difficulties and has negotiated for restructuring of its loan with as follows: P1,120,000 annual payment with first payment due on December 31, 2022. No further interest will be collected during the extended four-year term. From Love Company - Principal amount of P1,000,000 with accrued interest receivable of P120,000. Samar Company granted a concession to Love Company to extend maturity date of the principal by one year. The interest of P120,000 is to be collected on due date, January 1, 2022, but interest is reduced from 12% to 10% during extended period. From Uber Company - Principal amount of P2,000,000 with accrued interest receivable of P200,000 as of December 31, 2021, based on interest rate of 12%, maturity date of March 1, 2023. Uber Company is in good financial standing as of December 31, 2021 but it is more likely than not that it will undergo bankruptcy proceeding in 2022 due to a landslide loss suffered by the company late January 2022. Uber Company is the owner/developer of ABC Subdivision, which was destroyed by a landslide caused by flood. The government had held Uber Company liable for the loss not only of properties but lives due to the disaster. From Grab Company - Principal amount of P3,000,000. Grab Company pay the accrued interest on its loan of P360,000 based on interest rate of 12%, on December 31, 2021 and negotiated for an extension of the maturity date of the loan to December 31, 2023. Based on the agreement between Samar and Grab Company, the latter will continue to pay the annual interest of 12% on the loan. Determine the following as a result of your audit:

1. How much is the total amount of impairment loss to be recognized on December 31, 2021 statement of Comprehensive income in relation to notes receivable from Companies Care, Love, Uber, and Grab, respectively?

2. What is your proposed adjusting journal entry to recognized impairment loss in 2021, if any?