Nueva Company reported the following pretax data for its first year of operations. Net sales 7,500 Cost of goods available for sale 5,590 Operating expenses 1,558 Effective tax rate 15% Ending inventories: If LIFO is elected If FIFO is elected 634 817 What is Nueva's net income if it elects FIFO? (Round your intermediate and final answer to the nearest whole dollar amount.) Multiple Choice $838. $994. $986. $1,169.