Nueva Company reported the following pretax data for its first year of operations. Net sales 7,560 Cost of goods available for sale 5,900 Operating expenses 1,783 Effective tax rate 12% Ending inventories: If LIFO is elected 684 If FIFO is elected 853 How much more will Nueva report in income tax if it elects FIFO instead of LIFO? Multiple Choice $20 $105 $93 $113