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Nueva Company reported the following pretax data for its first year of operations. Net sales 7,450 Cost of goods available for sale 5,740 Operating

Nueva Company reported the following pretax data for its first year of operations. Net sales 7,450 Cost of goods available for sale 5,740 Operating expenses 1,548 Effective tax rate 20% Ending inventories: If LIFO is elected If FIFO is elected 637 809 What is Nueva's net income if it elects FIFO? (Round your intermediate and final ans

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