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Logano Driving School's 2017 balance sheet showed net fixed assets of $41 million, and the 2018 balance sheet showed net fixed assets of $5.5 million.

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Logano Driving School's 2017 balance sheet showed net fixed assets of $41 million, and the 2018 balance sheet showed net fixed assets of $5.5 million. The company's 2018 income statement showed a depreciation expense of $865,000. What was net capital spending for 2018? Multiple Choice $2,265,000 $1,400,000 $-535,000 $535,000 $-1,400,000

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