During 2021, Barto Company purchased marketable equity securities as short-term investment to be measured at fair value through other comprehensive income. The cost and market value on December 31, 2021 were as follows:
Security
No. of Shares
Cost
Market Value
A
5,000
500,000
550,000
B
25,000
2,800,000
2,650,000
C
40,000
2,150,000
3,950,000
The entity sold 10,000 shares of B on January 5, 2022 for P150 per share. The market price per share of Security A and Security C is P320 and P150 respectively, as of December 31, 2022. What amount should be recognized in the Profit or Loss Statement as realized gain or loss on sale of equity securities during 2022?
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