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Wallace Driving School's 2020 balance sheet showed net fixed assets of $5.5 million, and the 2021 balance sheet showed net fixed assets of $6.1 million.

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Wallace Driving School's 2020 balance sheet showed net fixed assets of $5.5 million, and the 2021 balance sheet showed net fixed assets of $6.1 million. The company's 2021 Income statement showed a depreclation expense of $360,000. What was net capital spending for 2021? (Do not round Intermedlate calculatlons and enter your answer In dollars, not millions of dollars, e.g., 1,234,567.)

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