Homework Part $1$

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Gordon Driving School's $2011$ balance sheet showed net fixed assets of $$5\mathrm{.}4$ million, an the $2012$ balance sheet showed net fixed assets of $$6$ million. The company's $201$ income statement showed a depreciation expense of $$425,000.$

What was Gordon's net capital spending for $2012?($Do not round intermediat calculations. Enter your answer in dollars, not millions of dollars, i$.$e$.1,234,567.)$

Net capital spending