On September 30, 2015 when the carrying amount of the net assets of a business segmet was

P60,000,000, Young Company signed a legally binding contract to sell the business segment.

The sale is expected to be completed by January 31, 2016 at a sale price of P70,000,000.

In addition, prior to January 31, 2016 , the sale contract obliged Young Company to terminate the
employment of certain employees of the busines segment incuring an expected termination cost of
P2,000,000 to be paid on June 30, 2016 .

The segment revenue and expenses for 2015 were P40,000,000 and P50,000,000 respectively.

Before income tax , what amount should be reported as loss from discontinued operation for 2015?