Depreciation Interest Capital spending Net income Dividends Taxes 2020 $160,000 $80,000 $240,000 $168,000 $88,000 $72,000 Current assets Current liabilities 2019 $1,600,000 S640,000 2020 $1,840,000 $800,000 In 2020, the amount of long-term debt was the same as in 2019. Required Calculate the amount of net new equity for year 2020. Show your work