Here's why:
* Direct Object: The direct object is the noun or pronoun that receives the action of the verb. In this case, "it" is the direct object because it is what is being spent.
* Indirect Object: An indirect object is the noun or pronoun that receives the direct object. It answers the question "to whom?" or "for whom?" There is no such recipient in the sentence.
Example with an indirect object:
* You gave me the money.
* "Money" is the direct object.
* "Me" is the indirect object because it receives the money (the direct object).
Let me know if you have another sentence you'd like to analyze!