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

Net sales		7,580
Cost of goods available for sale		5,910
Operating expenses		1,788
Effective tax rate		25	%
Ending inventories:
If LIFO is elected		690
If FIFO is elected		858

How much more will Nueva report in income tax if it elects FIFO instead of LIFO?

Multiple Choice

• $101.

• $126.

• $42.

• $143.