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Nueva Company reported the following pretax data for its first year of operations Net sales Cost of goods available for sale Operating expenses Effective tax

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Nueva Company reported the following pretax data for its first year of operations Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: IF LIFO is elected If FIFO is elected 7,410 5,689 1,648 20% 207 627 810 What is Nueva's net income if it elects FIFO? (Round your Intermediate and final answer to the nearest whole dollar amount.) Multiple Choice $709 $714 $892 $567

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