Partners A and B formed a partnership on July 1, 2021. Partner A invested P400,000 while Partner B invested P600,000. They agreed that the residual profits and losses are to be shared in a 3:2 ratio after monthly salary allowances of P12,000 and P20,000 are allowed to Partner A and Partner B respectively. They agreed as well that 10% interest will be provided on their respective beginning capital. Net income for the period ending December 31, 2021 amounted to P250,000. How much is the profit share of Partner A?

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