As of January 1, 2022, Daniel's current credit card debt is $10,000. He spends and will continue to spend $2,000 per month, even though his net take-home paycheck is only $1,000 per month. He pays for the excess expenditure using his credit card. Therefore, he charges $1,000 to his credit card every month for the next 12 months (assume the monthly charges occur on January 31, February 28, December 31). The annual interest rate on his credit card (APR) is 36%, and interest is calculated every month following a monthly billing cycle. What is the value of Daniel's credit card debt on December 31, 2022? Show your work and explain your calculations.