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Based on the following financial statements: Income Statement Sales Cost of goods sold Depreciation Soling & administrative expenses EBIT Interest expense Taxable income Taxes Net Income 2012 $5,500,000 2,850,000 280,000 1.500,000 870,000 130.000 740,000 330,000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivabo Inventory Total current assets Food assets Totalassots Liabilities and shareholders' equity Accounts payable Short-term dobt Total current Long-term bonds Totallablitos $ 50.000 660.000 490,000 $1,200,000 3,100,000 $4,300,000 $40,000 690.000 480.000 $1,210,000 2.800,000 $4,010,000 $ 340,000 480.000 $ 820,000 2,520,000 $3,340,000 $ 450,000 550.000 $1,000,000 2.200.000 $3.200.000 $ 310,000 500.000 810,000 Common stock Rotained earnings Total shareholders' equity Total abilities and shareholders' equity $ 310,000 650,000 $ 960,000 $4,300,000 $4,010,000 Approximately how much did the company spend on capital expenditures (capex) in 2012? 00 O 280,000 300.000 0 580,000