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Nueva Company reported the following pretax data for its first year of operations. Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO is elected 7,430 5,740 1,578 20% 623 801 What is Nueva's net income if it elects FIFO? (Round your intermediate and final answer to the nearest whole dollar amount.) Multiple Choice O $735. O $588. $913. O $730