Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2015 Income Statement Assets Liabilities & Owners' Equity Sales 12,190 2015 2014 2015 2014 Costs 5,225 Current assets 944 970 Current liabilities 321 407 Depreciation 1,091 Net fixed assets 3,571 4,008 Long-term debt 2,000 2,229 Interest 156 During 2015, Parrothead Enterprises raised $403 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year