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

Net sales	2,860
Cost of goods available for sale	2,340
Operating expenses	830
Effective tax rate	30%
Ending inventories:
If LIFO is elected	830
If FIFO is elected	1,130

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

Multiple Choice

• $520.

• $364.

• $574.

• $820.