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Problem $2-18$ Accounting Values versus Cash Flows $[$LO$2]$

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During $2021,$ Raines Umbrella Corporation had sales of $$820,000.$ Cost of goods sold, administrative and selling expenses, and depreciation expenses were $$575,000,$ $$90,000,$ and $$160,000,$ respectively. In addition, the company had an interest expense points of $$100,000$ and a tax rate of $21$ percent. $($Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.$)$

eBook Suppose the company paid out $$57,000$ in cash dividends. If net capital spending and net working capital were both zero, and if no new stock was issued during the year, what Hint is the net new long$-$term debt? $($Do not round intermediate calculations.$)$

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Net new long$-$term debt