Rainbow Co acquired a controlling interest in Cloud Co on 1 August 20X4, recognizing goodwill of P210,000 on acquisition. The benefit of the goodwill was expected to last for 10 years from the acquisition date, however increased competition mean that goodwill was determined to be impaired by 15 per cent at 31 July 20X6.What amount is recognized in profit or loss in the year ended 31 July 20x6 in respect of goodwill? *