Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) Cash Accounts receivable Inventory Total Net fixed assets 2010 2011 $ 668 $ 297 1,611 1,527 3,848 2.947 $ 6,127 $ 4,771 17,489 17 107 Accounts payable Notes payable Total Long-term debt Common stock Retained earnings Total liab. & equity 2010 2011 $1,694 $ 1,532 2,500 0 $4,194 $ 1,532 9,800 10,650 7,500 7,000 2,122 2,696 $23616 $21,878 Total assets $23,616 $21,878 Galaxy Interiors 2011 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Less: Taxes Net income $21,415 16,408 1,611 3,396 1,282 $ 2,114 740 $ 1,374 What is the amount of the net capital spending for 2011? -$382 $1,229 $1,804 $2,375 $2,516