The prevailing market interest rate for similar instrument at the time of restructuring (December 31, 2019) is 12%. What is the impairment loss to be recognize din December 31, 2019? (Use four decimal places for the PV factor) *0 At December 31, 2019, one of MNO Company's credit customers, 123A, is experiencing financial difficulties. As a result, 123A has missed the payment of the principal amount of its notes payable of P3,000,000 and accrued interest for the year is P300,000. A restructuring arrangement was approved by the management of MNO Company, as follows: The principal was reduced to P2,000,000 and will be due on December 31, 2021. * Accrued interest of P300,000 is condoned. Interest rate is reduced to 8% payable on December 31, 2020, and December 31, 2021. The prevailing market interest rate for similar instrument at the time of restructuring (December 31, 2019) is 12%. What is the impairment loss to be recognized in December 31, 2019? (Use four decimal places for the PV factor) O PO ) P1,157,432 O P1,447,184 P1,369,520