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Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.2 million, and the 2018 balance sheet showed net fixed assets of $5.5 million.

Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.2 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 $815,000. What was net capital spending for 2018?

Multiple Choice

  • $485,000

  • $-1,300,000

  • $1,300,000

  • $2,115,000

  • $-485,000

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