3. Speedway Driving School's 2010 balance sheet showed net fixed assets of $3.0 million. The 2011 balance sheet showed net fixed assets of $4.0 million. Depreciation expense for 2011 was $400,000. What was net capital spending for 2011? Net Capital Spending: 4. Mulligan's Golf Supplies owed long-term debt of $3.0 million at the end of 2010. This increased to $3.5 million at the end of 2011. If interest expense in 2011 was $600,000, what was the cash flow to creditors in that year? Cash Flow to Creditors