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Last year's balance sheet of Paramount Production reported net fixed assets of $2,200,000, and this year'sbalance sheet reported net fixed assets of $3,200,000. The company's
Last year's balance sheet of Paramount Production reported net fixed assets of $2,200,000, and this year'sbalance sheet reported net fixed assets of $3,200,000. The company's income statement reported depreciation expense of $700,000. What was the amount of Paramount's net capital spending for this year?
A. -$200,000
B. $1,300,000
C. $1,700,000
D. $1,800,000
E. $2,200,000
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