Soprano Company acquired 50,000 ordinary shares of Alto Company on September 30, 2019 for Php 8,250,000. On October 30, the shares were split into a 2:1 basis. On November 30, 2019, Alto distributed 10% ordinary share dividends when the market price of the share was Php 100 per share. On December 31, 2019, Soprano sold 6,000 of its Alto shares for Php 600,000. For the year ended December 31, 2019, how much should Soprano report as gain on sale of investment?