A company's 2018 statement of financial position showed net fixed assets of $7,000,000, and the 2019 statement of finacial position showed net fixed assets at $8,500,000. The company's 2019 statement of comprehensive income showed a depreciation expense of $700,000. What was net capital spending in 2019?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.