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Saved Nu Company reported the following pretax data for its first year of operations, 6 2,910 2,450 0:25:56 Net sales Cost of goods available for

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Saved Nu Company reported the following pretax data for its first year of operations, 6 2,910 2,450 0:25:56 Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: IF LIFO is elected If FIFO is elected 760 30% 1,010 1,120 What is Nu's net income if it elects LIFO? Multiple Choice $710. $574 $497

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