WHAT AMOUNT SHOULD BE REPORTED AS LOSS FROM DISCONTINUED OPERATION FOR 2021

On June 1, 2021, Startlet Company approved a plan to dispose of a business segment. It is expected that the sale will occur on April 30, 2022. On December 31, 2021, the carrying value of net assets of the segment was P4,000,000 and the net recoverable amount was P3,600,000. During 2021, the company paid employees severance and relocation costs of P200000 as a direct result of the discontinuing operation. The revenues and expenses of the discontinuing segment during 2021 were: Period covered m Janua 1 to Ma 31 P3 ooo.ooo P4 one one June 1 to December 31 1,400,000 1,000,000 Income tax rate Is 35%. What amount should be reported as loss from discontinued operation for 2021