What amount should be reported as loss from investment in $2024?$

A$.P320,000$

B$.P800,000$

C$.P200,000$

D$.P120,000$

Z$.$ On Jatuary $1,2020,$ Jaya, Inc. acquired as a long$-$term investment for P$1,400,000,$ a $40\%$ interest in Ramsey Company when the fair ralue of Ramsey's net assets was P$3,500,000.$ Due to the COVID$-19$ pandemic, Ramsey Company experienced difficulty in continuing its business and reported the following net losses:

$\backslash$table$[[2021,P1,000\mathrm{.}000$