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Nueva Company reported the following pretax data for its first year of operations. Net sales 7,530 Cost of goods available for sale 5,700 Operating expenses

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

Net sales 7,530

Cost of goods available for sale 5,700

Operating expenses 1,548

Effective tax rate 20 %

Ending inventories:

If LIFO is elected 633

If FIFO is elected 814

What is Nueva's net income if it elects FIFO? (Round your intermediate and final answer to the nearest whole dollar amount.)

Multiple Choice

$732.

$915.

$877.

$1,096.

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