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  3. the table below contains data on fincorp inc. the

The table below contains data on Fincorp Inc. The balance sheet items correspond to values...

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Accounting

The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 3,900 $ 4,000 Cost of goods sold 1,200 1,300 Depreciation 470 490 Inventories 330 400 Administrative expenses 470 520 Interest expense 180 180 Federal and state taxes* 480 500 Accounts payable 350 410 Accounts receivable 370 445 Net fixed assets 5,000 5,850 Long-term debt 2,200 2,520 Notes payable 790 520 Dividends paid 490 490 Cash and marketable securities 820 410 * Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Examine the values for depreciation in 2019 and net fixed assets in 2018 and 2019. What was Fincorps gross investment in plant and equipment during 2019? (Enter your answer in dollars, not thousands of dollars.)

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