During the year, Belyk Paving Company had sales of $1,745,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $880,000, $470,000, and $385,000, respectively. In addition, the company had an interest expense of $195,000 and a tax rate of 21 percent. Ignore any tax loss carry forward provision and assume interest expense is fully deductible. The company paid out $370,000 in cash dividends. Assume net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year. Calculate the firm's new long-term debt added during the year.