A balance sheet shows the beginning values of $66,300 for current liabilities and $289,200 for long-term debt. The ending values are $60,900 and $348, 100, respectively. The income statement shows interest paid of $29,700 and dividends of $19,000. What is the amount of net new borrowing? Select one: O a. $34,800 O b. $29,200 O c. $25,000 O d. $70,150 O e. $58,900