QUESTION 8 1.333 points Save Answer A firm reported Net Fixed Assets of $2,674,000 on its end-of year 2014 balance sheet and Net Fixed Assets of $3,192,000 on its end-of year 2015 balance sheet. If the depreciation expense of the firm's 2015 income statement was $520,000, what was the firm's net capital spending in 2015? O A. $518,000 O B. $2468,000 C.$3,194,0o0 O D. $1,038,000 QUESTION 9 1.333 polnts Save Answer A firm's balance sheets as of the December 31, 2015 and 2016 show the following items: 2015: Cash = $9,916,500; Account Receivable = $9,000,000; Inventory $4,500,000; Gross Fixed Assets = $10,972,000; Accumulated Depreciation- $1,243,000; Retained Earnings $1,967,500; Capital Surplus $8,600,000; Common Stock ($0.50 par) $4,500,000; Notes Payable $8,921,000 Long term debt- $2,500,000; Accounts Payable $6,657,000. 2016: Cash = $11,098,000; Account Receivable-$7,600,000; Inventory = $5,200,000; Gross Fixed Assets $13,774,000; Accumulated Depreciation = $1,675,000; Retained Earnings $1,967,500; Capital Surplus $11,300,000; Common Stock ($0.50 par) $4,800,000; Notes Payable $7,773,000; Long term debt $1,500,000; Accounts Payable $6,132,000 Calculate the change in net working capital (NWC) in 2016 A. $1,804,600 B. $3,272,800 O C.$2,154,500 D. $9,993,000