estion 12 Nu Company reported the following pretax data for its first year of operations. nswer saved oints out of 00 Net sales $2820 P Flag question $2420 Cost of goods available for sale Operating expenses $680 Income tax rate 20% Ending inventories: If LIFO is elected If FIFO is elected $920 $1200 What is Nu's net income if it elects FIFO? Select one: O A. $1600. B. $920. C. $736