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2018 statement of comprehensive income ($ in millions) $9,610 Net sales Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and 1,930

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2018 statement of comprehensive income ($ in millions) $9,610 Net sales Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and 1,930 taxes Less: Interest paid 630 Taxable Income $1,300 Less: Taxes 455 Net income $845 Nabors, Inc. 2017 and 2018 Statement of financial positions ($ in millions) 2017 2018 2017 2018 Cash $310 $405 Accounts $2,720 $2,570 payable Accounts 2,640 3,055 Notes 100 ol rec. payable Inventory 3,275 3,850 Total $2,820 $2,570 Total $6,225 $7,310 Long-term 7,875 8,100 debt Net fixed 10,960 10,670 Common 5,000 5,250 assets stock Retained 1,490 2,060 learnings Accounts 2,640 3,055 Notes 100 ON rec. payable Inventory 3,275 3,850 Total $2,820 $2,570 Total $6,225 $7,310 Long-term 7,875 8,100 debt Net fixed 10,960 10,670 Common 5,000 5,250 assets stock Retained 1,490 2,060 earnings Total $17,185 $17,980 Total liab. $17,185 $17,980 assets & equity What is the amount of the net capital spending for 2018 ($ in millions)? $795 $1,080 $1,660 -$290 $2,165

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