Nu 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 2,980 2, 460 870 40% 950 1, 160 What is Nu's net income if it elects FIFO? Multiple Choice 0 $1,680. 0 $810. 0 $360. 0 $486