25. What was net capital spending in 2020 and 2021? Balance sheets Cash Accounts receivable. Inventory Total current assets Fixed asset Less: accumulated depreciation Net fixed assets Total assets Accounts payable Accrued expenses Current portion of debt Total current liabilities. Long-term debt Total liabilities Owners' equity Total liabilities & owner's equ Income statements Sales Growth rate Cost of sales Gross profit Margin Operating expenses Owners' salaries Payroll expenses Office supplies Miscellaneous Total operating expenses EBITDA Margin Depreciation EBIT Margin Interest expense Pretax earnings Taxes Net income Margin 28% 2018 2019 35,000 45,000 65,000 12.000 10,000 16,000 650 500 200 47,650 55,500 81,200 65,000 65,000 70,000 (40,000) (47,500) (56,000) 25,000 17,500 14,000 72,650 73,000 95,200 2,200 800 1,000 650 850 950 1,200 1,600 1,500 4,050 3,250 3,450 18,000 16,000 15,000 22,050 19,250 18,450 50,600 53,750 76,750 72,650 73,000 95,200 2018 2019 2020 450,000 525,000 538,000 17% 2% 275,000 305,000 316,000 175,000 39% 220,000 222,000 42% 41% 75,000 85,000 125,000 16,500 149,000 25,000 1,500 1,680 1,900 500 300 200 93,500 235,980 152,100 81,500 (15,980) 69,900 18% -3% 13% (5,000) (7,500) (8,500) 76,500 (23,480) 17.0% -4.5% (1,200) (1,000) 75,300 (24,480) (21,084) - 54,216 (24,480) 12.0% -4.7% 2020 61,400 11.4% (850) 60,550 (16,954) 43,596 8.1% 2021 100,000 15,000 350 115,350 35,000 (58,500) (23,500) 91,850 1,100 450 1,000 2,550 14,500 17,050 74,800 91,850 2021 658,000 22% 456,000 202,000 31% 150,000 24,500 2,400 6,500 183,400 18,600 3% (2,500) 16,100 2.4% (750) 15,350 (4,298) 11,052 1.7%