Ignore the numbers I have on here. I think I understand how to find everything but the debt. Can someone please explain how to find the 20X2 debt?? It IS NOT the same as in 20X1

Larime Corp. is forecasting 20x2 near the end of 20X1. The estimated year-end financial statements and a worksheet for the forecast are given below. Management expects the following next year. An 9% increase in revenue. Price cutting will cause the cost ratio (COGS/sales) to deteriorate (increase) by 2% (of sales) from its current level. Expenses will increase at a rate that is three quarters of that of sales. The current accounts will increase proportionately with sales. Net fixed assets will increase by $5 million. All interest will be paid at 12%. Federal and state income taxes will be paid at a combined rate of 43%. 59.3 Make a forecast of Larime's complete income statement and balance sheet. Enter your dollar answers in thousands. For example, an answer of $12 thousands should be entered as 12, not 12,000. Round percentage values to 1 decimal place. Enter all amounts as a positive numbers. Larime Corp. Projected Income Statement ($000) 20X1 20x2 % % Revenue $245,876 100.0 $ 268,005 100.0 COGS 145,794 158,927 X 1 61.3 Gross Margin $100,082 40.7 $ 109,078 X 38.7 Expenses 49,578 52,925 19.7 EBIT $50,504 $ 56,153 x 19 Interest (12%) 9,579 EBT $40,925 Inc Tax (43%) 17,598 Net Income $23,327 1 in 10 0 IN C/A F/A Larime Corp. Projected Balance Sheet ($000) ASSETS LIABILITIES & EQUITY 20x1 20x2 20X1 20x2 $179,157 $ 195,281 C/L $83,574 133,478 137,478 X Debt 77,648 $312,635 $ 332,759 X Equity 151,413 Total $312,635 $ 332,759 Total