Kid Rock Motor Sports has net income of $$26,310$ for the year. At the beginning of the year,the firm had common stock of $$55,000,$ paid$-$in surplus of $$11,200,$ and retained earnings of$$48,420.$ At the end of the year, the firm had total equity of $$142,430.$ The firm does notpay dividends. What is the amount of the net new equity raised during the year?