Use the following information to answer this question Balance Sheet as of December 31. 2016 2017 2016 2017 57.703.000 58.916.570 Notes Payable 58,207.082 56.351.090 Acet. Receivable 52,400,000 $2.830.000 Accounts Payable 51.102.739 4140 51200010 31.507.000 Current Liabilities 59,309,812 $10,743,550 Inventory Current Asset $11,311,010 $13,252,570 Long Term Debt 31 132.070 5905722 Total Liabilities $10,441.992 511,649,270 Net Fixed Assets $3,805,000 $2,920,020 Common Stock 0.50 par S1,340.000 51.500.000 Capital Surplus 5635,20 51.166.520 Retained Earnings 52.888.808 52.457810 Total Assets $15.116010 $17.173.600 Total Liabilities & Equity 515116010 517.172 600 Income Statement for 2017 Sales 513.260.900 Less COGS 155 209.0091 Grou Prot 57,960,900 Less Gen Adm. Expenses (51,200,000 Less Depreciation (5875.000 55.995.000 EBIT Less interest Expense Taxable income 54.398,900 Less Taxes Pald 1 percentate (9265749 Net Income $9.490,131 Calculate the Net Capital Spending in 2017 $115.000 $990,030 5511730 $452.030