Ski Company reported pretax financial income of P6,200,000 for the current year. Included in other income was P200,000 interest revenue from government bonds held by the entity. The income statement also included depreciation expense of P500,000 for a machine costing P3,000,000. The income tax return reported P600,000 as depreciation on the machine. What is the amount of income tax due for taxable year 2020?