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

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

Stevens grew rapidly in $2019$ and financed the growth with notes payable and long$-$term bonds. Stevens expects sales to grow by $25\%$ 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 $10\%,$ and cash eams 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 capacily 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.