Assignment Saved Help S. During 2018, Raines Umbrella Corp. had sales of $660,000 Cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000. $90,000, and $85,000, respectively. In addition, the company had an interest expense of $90,000 and a tax rate of 21 percent (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $54,000 in cash dividends If net capital spending and net working capital was zero and if no new stock was issued during the year, what is the net new long-term debt? (Do not round intermediate calculations.) Net new long-term debt Type here to search o G