Financing Deficit Stevens Textile Corporation's 2019 financial statements are shown below:

Balance Sheet as of December 31, 2019 (Thousands of Dollars)

Cash $ 1,080

Receivables 6,480

Inventories 9,000

Total current assets $16,560

Net fixed assets 12,600

Total assets $29,160

Accounts payable $ 4,320

Accruals 2,880

Line of credit 0

Notes payable 2,100

Total current liabilities $ 9,300

Mortgage bonds 3,500

Common stock 3,500

Retained earnings 12,860

Total liabilities and equity $29,160

Income Statement for December 31, 2019 (Thousands of Dollars)

Sales $36,000

Operating costs 34,000

Earnings before interest and taxes $ 2,000

Interest 160

Pre-tax earnings $ 1,840

Taxes (25%) 460

Net income $ 1,380

Dividends (40%) $ 552

Addition to retained earnings $ 828

Stevens grew rapidly in 2019 and financed the growth with notes payable and long-term bonds. Stevens expects sales to grow by 10% in the next year but will finance the growth with a line of credit, not notes payable or long-term bonds. Use the forecasted financial statement method to forecast a balance sheet and income statement for December 31, 2020. The interest rate on all debt is 7%, and cash earns no interest income. The line of credit is added at the end of the year, which means that you should base the forecasted interest expense on the balance of debt at the beginning of the year. Use the forecasted income statement to determine the addition to retained earnings. Assume that the company was operating at full capacity in 2019, that it cannot sell off any of its fixed assets, and that assets, spontaneous liabilities, and operating costs are expected to increase by the same percentage as sales. Determine the required line of credit. Do not round intermediate calculations. Round your answers to the nearest dollar.

I found the total asset value is $32076 but not able to get correct LOC.. Can you pls help me out? thank you