Blue-Sky Corp. reported $320,000 and $450,000 of net fixed assets on its 2014 and 2075 balance sheets, respectively. Blue- Sky also reported $80,000 of depreciation expense on its 20Y5 income statement. What was the capital spending amount for Blue-Sky during 2015? Select one: a $210,000 b. $50,000 c. $250,000 d. $80,000 e. $130,000 Which of the following statements is correct? Select one: a. If a firm reports a loss on its income statement in a given year, then the retained earnings account as shown on the balance sheet will be negative for that year, b. Total common stockholders' equity on a balance sheet includes paid in capital and retained earnings less accumulated depreciation c. Retained earnings on a balance sheet indicates the amount of cash that is available for paying dividends. d. A firm can show a large amount of retained earnings on its balance sheet yet need to borrow cash to make required payments