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MC Qu. 53 Nu Company reported the following... Nu Company reported the following pretax data for its first year of operations. 2,840 2,470 740 Net

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MC Qu. 53 Nu Company reported the following... Nu Company reported the following pretax data for its first year of operations. 2,840 2,470 740 Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: 40% If LIFO is elected If FIFO is elected 860 1,240 What is Nu's net income if it elects FIFO? Multiple Choice $1,610. $522 $870

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