Partners W, X, Y and Z are partners of WXYZ Partnership who shares profits and losses in the ratio of 4:4:2. Partner Z is an industrial partner. Both Partners Z and Y receives a monthly salary allowance of 12,000 each. Partners W, X, and Y receives 12% interest based on their capital balance as of December 31 amounting to P750,000, P800,000, and P600,000, respectively. Partner Z receives a 20% bonus after deducting bonus, interest and salary if net income after deducting the interest, bonu salary exceeds 300,000. Total net income for 2022 is 740,000. What is the amount of Partner Z's bonus?

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