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

Net sales		2,840
Cost of goods available for sale		2,410
Operating expenses		760
Effective tax rate		30	%
Ending inventories:
If LIFO is elected		980
If FIFO is elected		1,180

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

Multiple Choice

• $850.

• $595.

• $1,610.

• $455