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Micro, Incorporated, started the year with net fixed assets of $ 7 4 , 9 2 5 . At the end of the year, there

Micro, Incorporated, started the year with net fixed assets of $74,925. At the end of the year, there was $96,175 in the same account, and the company's income statement showed depreciation expense of $12,985 for the year. What was the company's net capital spending for the year?
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