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Calculate net capital spending (or net investment in fixed assets) for 2021e. (USE SUPPLEMENTAL FILE) A. $10725 B. -$1000 C. $3212 OD.-S1 Summary Income Statement

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Calculate net capital spending (or net investment in fixed assets) for 2021e. (USE SUPPLEMENTAL FILE) A. $10725 B. -$1000 C. $3212 OD.-S1 Summary Income Statement 2018 2019 $ 475,411 $ 485,920 2020 510,617 2021e 550,720 Total Revenue $ $ 54,889 140,410 4,127 250 Operating Expenses Compensation of Officers Salaries Employee Benefits Repairs & Maintenance Rent Expense Taxes and Licenses Depreciation Advertising Other Total Operating Expenses Operating Income 89,798 $ 134,296 $ 4,848 $ 65 $ 11,100 $ 17,818 $ 2 $ 12,578 $ 63,676 $ 334,181 $ 141,230 $ 117,745 $ 134,119 $ 6,233 $ 75 $ 11,100 $ 19,991 $ 3,657 $ 12,940 $ 66,859 $ 372,719 $ 113,201 $ 80,244 $ 143,111 $ 5,516 $ 50 $ 11,200 $ 17,909 $ 5,816 $ 13,954 $ 72,821 $ 350,621 $ 159,996 $ 12,300 15,600 3,512 12,036 75,047 318,171 232,549 Interest Pre-tax Net Income $ $ 4,958 136,272 $ $ 5,313 107,888 $ $ 4,072 155,924 $ $ 3,533 229,015 $ Taxes Net Income 42,244 94,028 $ $ 33,445 74,443 $ $ 48,336 107,588 $ $ 70,995 158,021 2019e 2020e 2021e 18,239 $ Summary Balance Sheet 2018e 2019e Assets Cash $ 21,991 $ 16,911 Receivables 23,680 $ 4,385 Current Assets 45,671 $ 21,296 Net Buildings & Other Depreciable Assets $ 2,198 $ 16,541 Net Intangible Assets 68,469 $ 62,250 Other Assets 275 $ 275 Total Assets $ 116,613 $ 100,362 $ $ $ $ $ $ $ 18,239 $ 10,725 $ 56,031 $ 275 $ 85,270 $ 23,479 1,571 25,049 7,212 50,238 82,500 184 $ 7,630 277 7,907 $ $ $ (1,066) 678 (388) - $ Liabilities and Equity Accounts Payable Other Current Liabilities Current Liabilities Loans From Shareholders Mortgages, Notes, Bonds Payable Other Liabilities Capital Stock Retained Earnings Total Liabilities and SE 4,889 $ 803 $ 5,692 $ 14,360 $ 62,795 $ 126 $ 3,813 $ 13,576 $ 100,362 $ 81,402 $ 126 $ 3,813 $ 23,365 $ 116,613 $ 44,003 53,630 $ 126 $ 3,813 $ 26,965 $ 85,270 $ 3,813 35,071 82,500 $

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