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Shown below are the financial statements of Sanders Enterprises. Inc. What is the net capital spending during the most recent year? 2020 & 2021 Balance

Shown below are the financial statements of Sanders Enterprises. Inc. What is the net capital spending during the most recent year?


2020 & 2021 Balance Sheets
 20202021 20202021
Cash975,000988,000Accounts Payable1,580,0001,612,500
Accounts Receivable845,000984,000   
Inventory2,523,0002,652,300Long-term debt8,359,0009,206,700
TOTAL4,343,0004,624,300   
Net fixed assets8,536,0009,225,400Retained Earnings690,000720,500
TOTAL ASSETS12,879,00013,849,700TOTAL LIABILITIES & EQUITY12,879,00013,849,700


2021 Income Statement
Sales3,500,000
Cost of Goods Sold1,750,000
Other expenses220,000
Depreciation421,000
EBIT1,109,000
Interest500,000
Taxable income609,000
Taxes (21%)127,890
Net Income481,110


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