Mertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2007 and December 31, 2008 look as follows: 2007 2008 Net fixed assets 815,000 865,000 On its 2008 Income statement, Mertis recorded depreciation expense of $26,806. What amount of cash did Mertis spend in 2008 on new fixed assets