The BAKAL Company purchased a machine on November 1, 2011, for P148,000.  At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of P4,000.BAKAL has recorded monthly depreciation using the straight-line method. On July 1, 2020, the machine was sold for P13,000. Your audit shows that the accountant record the sale by debiting cash P13,000 and crediting machine P13,000.                   What should be the loss recognized from the sale of the machine to correct the record?   Answer in figures, ignore peso sign.

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