On January 1, 2022, A Company purchased 80% of the outstanding share of D Corporation for P1,840,000. The book value of D Corporation's net assets amounted to P2,000,000. Book values approximate the fair values at acquisition date. A Company chose the fair value method in estimating the value of NCI. At acquisition date, NCI has a fair value of P440,000. On October 31, 2022, A Company sold 10% of the share capital to several investors for P260,000. The fair value of the 10% share at that time is P240,000. How much is the gain to be reported in the consolidated statement of income for the year ended December 31, 2022 as a result of the sale of 10% ownership? A. 0 B. 30,000 C. 20,000 D. 60,000