Nu Company reported the following pretax data for its first year of operations.

Net sales		2,870
Cost of goods available for sale		2,320
Operating expenses		880
Effective tax rate		30	%
Ending inventories:
If LIFO is elected		860
If FIFO is elected		1,150

What is Nu's net income if it elects LIFO?

Multiple Choice

$574.

$820.

$530.

$371.