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 7,640 5,940 1,803 25% 708 873 How much more will Nueva report in income tax if it elects FIFO instead of LIFO? Multiple Choice $140. $124. O $99. O O $41