Nu 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 2,990 2,430 870 20% 900 1,140 What is Nu's net income if it elects FIFO? Multiple Choice O $664. Dr. Multiple Choice $664 $830 O $472 $1700