On January 1, 20x2, ABC Co. sells 60% out of its 80% interest in XYZ, Inc. for ₱100,000. ABC's remaining 20% interest in XYZ has a fair value of ₱25,000. This gives ABC significant influence over XYZ. The statements of financial position immediately before the sale are shown below:

Statements of financial position As at January 1, 20x2

ABC Co. XYZ, Inc. Consolidated

ASSETS

 Cash 23,000 57,000 80,000

Accounts receivable 75,000 22,000 97,000

Inventory 105,000 15,000 120,000

Investment in subsidiary75,000 - -

Equipment 200,000 50,000 260,000

Accumulated depreciation (60,000) (20,000) (84,000)

Goodwill - - 3,000

TOTAL ASSETS 418,000 124,000 476,000

 LIABILITIES AND EQUITY

Accounts payable 43,000 30,000 73,000

Bonds payable 30,000 - 30,000

Total liabilities 73,000 30,000 103,000

Share capital 170,000 50,000 170,000

Share premium 65,000 - 65,000

Retained earnings 110,000 44,000 118,000

Non-controlling interest - - 20,000

Total equity 345,000 94,000 373,000

TOTAL LIAB. & EQTY. 418,000 124,000 476,000

How much is the gain (loss) on the disposal?______________________________