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Vertex Innovations is restructuring its operations, resulting in a surge in expenses. For the fiscal year ending December 31, 20X11, the company reports: Total Revenue:

  1. Vertex Innovations is restructuring its operations, resulting in a surge in expenses. For the fiscal year ending December 31, 20X11, the company reports:
  • Total Revenue: $300 million
  • Total Expenses: $250 million Calculate Vertex Innovations' net income for the fiscal year.

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