A firm's financial statements showed sales of $200,000, a cash balance of $25,000, accounts payable of $160,000, common stock of $300,000, retained earnings of $500,000, inventory of $300,000, goodwill and other assets equal to $75,000, net plant and equipment of $600,000, and short-term notes payable of $20,000. It also had operating expenses of $25,000, accounts receivable of $140,000 and other current assets of $10,000. Assuming no other balance sheet entries, how much long-term debt would the firm have for the balance sheet to balance?