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MC Qu. 57 Nueva Company reported ... Nueva Company reported the following pretax data for its first year of operations. Net sales Cost of goods

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MC Qu. 57 Nueva Company reported ... 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 5,630 1,528 35% 626 799 What is Nueva's net income if it elects FIFO? (Round your intermediate and final answer to the nearest whole

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