i know how ti figure everything put but how to do the longterm debt. how did it go from 3,000,000 to 3,542,000

Paragraph Based on the income Statement and Balance Sheet for the PQR Corporation (see below): 1) create the To Forma statement for 2020 given the following assumptions: - sales incase by 10% - all items ry directly with sales (except for LTD, Owners Equity) the comp is currently operating at 100% capacity the divide payout ratio stays at its 2019 rate Income Statement Sales Cost of Goods Sold Depreciation EBIT 2019 $6,000,000 4,000,000 600,000 1,400,000 400,000 1,000,000 400,000 $600,000 Pro Forma 2020 $6,600,000 4,400,000 660,000 1,540,000 440,000 1,100,000 440,000 660,000 Interest Taxable income Taxes (40%) Net Income Dividends Add to Retained Earnings $450,000 $150,000 495,000 165.000 Balance Sheet Assets Liabilities & Owner's Equity 2019 $380,000 Pro Forma 2020 $418,000 2019 $660,000 Pro Forma 2020 $726,000 Accounts Payable Cash Accounts Receivable. Inventory Current Assets 720,000 900,000 2,000,000 792,000 990,000 2.200.000 Notes Payable Current Liabilities 270,000 $930,000 297,000 1,023,000 Long-term Debt 3,000,000 3,542.000 Net Foced Assets 6,000,000 6,600,000 Total Liabilities 3,930,000 4,565,000 Common Stock Retained Earnings 3,000,000 1,070,000 3,000,000 1.235,000 Total Assets.... $8.000.000 $8.800.000... ... Total ....$8,000,000 $8.800.000, Page 1