During $2021,$ Raines Umbrella Corporation had sales of $$700,000.$ Cost of goods sold, administrative and selling expenses, and depreciation expenses were $$500,000,$ $$90,000,$ and $$95,000,$ respectively. In addition, the company had an interest expense of $$94,000$ 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 $$58,000$ in cash dividends. If net capital spending and net working capital were both 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