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

Net sales		7,400
Cost of goods available for sale		5,630
Operating expenses		1,558
Effective tax rate		40	%
Ending inventories:
If LIFO is elected		631
If FIFO is elected		810

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

$506.

$613.

$843.

$1,022.