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Micro, Inc., started the year with net fixed assets of $75,425. At the end of the year, there was $96,875 in the same account, and

Micro, Inc., started the year with net fixed assets of $75,425. At the end of the year, there was $96,875 in the same account, and the company's income statement showed depreciation expense of $13,365 for the year. What was the company's net capital spending for the year?

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