Lap Dogs Inc. is planning for next year and has the following summarized results so far

$($$$000)$:

The firm pays interest of $12\%$ on all borrowing and is subject to an overall tax rate of

$38\%.$ It paid interest of $$20,000$ this year and plans a $$75,000$ dividend next year. Complete

Lap Dog's forecast of next year's financial statements. Round all calculations to the nearest

$$1,000.$ What is ending debt? $($please show work $)$