ABC Driving School's 2015 balance sheet showed net fixed assets of $3.4 million and the 2016 balance sheet showed net fixed assets of $4.2 million. The company's 2016 income statement showed a depreciation expense of $385,000. What was the net capital spending for 2016?

a.

-$415,000

b.

$415,000

c.

$800,000

d.

$1,185,000