Logano Driving School’s 2017 balance sheet showed net fixed
assets of $3.2 million, and the 2018 balance sheet showed net fixed
assets of $3.8 million. The company’s 2018 income statement showed
a depreciation expense of $235,000.
What was net
capital spending for 2018? (Do not round intermediate
calculations. Enter your answer in dollars, not millions of
dollars, e.g., 1,234,567.)