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VWX Company acquired 60% of the outstanding shares of YZ Ltd for $400,000 on January 1st, 2023. YZ Ltd reported net income of $100,000 for

VWX Company acquired 60% of the outstanding shares of YZ Ltd for $400,000 on January 1st, 2023. YZ Ltd reported net income of $100,000 for the year ended December 31st, 2023. Calculate VWX Company's share of income from its investment in YZ Ltd for the year.

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