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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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