A B D E F G I j K 1 DEF Inc. 2 2020 Income Statement 3 ($ in millions) 4 Net sales 5 Cost of goods sold 6 Depreciation 7 EBIT 8 Interest 9 Taxable income 10 Taxes 11 Net Income 12 Addition to retained earnings 13 Dividends paid Cash Accounts Receivable Inventory Current Assets Net fixed assets 2019 $1,455 2,460 1,405 $5,320 19,300 $9,625 5,225 1,890 $2,510 850 $1,660 581 $1,079 679 $400 DEF Inc. Balance Sheet ($ in millions) 2020 $260 Accounts payuable 3,975 Notes payable 885 Current liabilities $5,120 Long term debt 21,720 Common stock Retained earnings $26,840 Total liabilieis and equity 2019 $1,150 2,600 $3,750 7,000 5,500 8,370 $24,620 2020 $2,863 1,628 $4,491 7,600 5,700 9,049 $26,840 Total assets $24,620 DEF Inc. financial statements From the information given in the financial statements of DEF Inc., what is the firm's net capital spending for 2020? $1920 millions $4310 millions $3976 millions $949 millions