9. A firm had opening net book value (NBV) of fixed assets equal to $1,245,678 and a closing NBV of $1,675,432. During the year its depreciation expense on those same assets was $325,600. It also sold some old fixed assets carried on the books at $34,000 (NBV) for $41,000 (earning a gain on sale of $7,000). How much were its fixed asset capital expenditures (a.k.a. spent on fixed) during the period: * $1,256,754 $356,888 $789,354 $123,760