On May 1, 2019, LAG Co. purchased a short-term P2,000,000 face value, 9% debt instruments for P1,860,000 including the accrued interest and classified it as a trading security. The debt instruments mature on January 1, 2022, and pay interest semi-annually on January 1 and July 1. On December 31, 2019, the fair market value of the instruments is 98%. On March 2, 2020, LAG Co. sold the trading security for P1,980,000. 31. How much will be recognized as gain (loss) on sale of trading security on 2020 income statement?