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

Net sales		2,810
Cost of goods available for sale		2,450
Operating expenses		820
Effective tax rate		20	%
Ending inventories:
If LIFO is elected		950
If FIFO is elected		1,210

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

Multiple Choice

• $490.

• $392.

• $600.

• $750.