Nueva Company reported the following pretax data for its first year of operations. Net sales 7,480 Cost of goods available for sale 5,600 Operating expenses 1,688 Effective tax rate 40% Ending inventories: If LIFO is elected 633 If FIFO is elected 804 What is Nueva's net income if it elects FIFO? (Round your intermediate and final answer to the nearest whole dollar amount.) $598. $825. $495. $996.

I came up with 996