Earnhardt Driving School’s 2010 balance sheet showed net fixed assets of $4.7 million, and the 2011 balance sheet showed net fixed assets of $5.3 million. The company’s 2011 income statement showed a depreciation expense of $405,000.
What was net capital spending for 2011? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)