Question 13 Using the data below, what is the amount of the net capital spending for 2020? (Show all calculations for full credit.) Airtek Manufacturing, Inc. 2020 Income Statement (Sin millions) Net sales 9.610 Less: Cost of goods sold 6.310 Less: Depreciation 1,370 Earnings before interest and taxes 1.930 Less: Interest paid 630 Taxable income 1,300 Less: Taxes Net Income 455 845 Cash Accounts rec 2019 3101 405 2.640 3.055 2020 Inventory Total 3.275 3.850 6.225 7.310 Notes payable Total Accounts payable Long-term debt 2019 2020 2.720 2.570 100 0 2.820 2.570 7,875 8.1901 Net fixed assets 10.960 10.760 Common stock 5.000 5.250 Retained earnings 1,490 2.060 Total assets 17,185 18.070 Total Liability & Equity 17,185 18.070 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) Airtek Manufacturing, Inc. 2019 and 2020 Balance Sheets ($ in millions)