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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the Income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the Income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes. Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $4,900 1,800 480 3ee 510 140 598 280 350 4.6ee 2,800 853 470 850 2019 $5,000 1,900 508 338 560 140 610 320 385 5,340 3,150 530 470 450 * Taxes are paid in their entirety in the year that the tax obligation is incurred. + Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed, Examine the values for depreciation in 2019 and net fixed assets in 2018 and 2019. What was Fincorp's gross investment in plant and equipment during 2019? (Enter your answer in dollars, not thousands of dollars.) $ 1.240 Gross investment in plant and equipment
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