The balance sheet of a firm shows current liabilities of $56,300 and long-term debt of $289,200 as of last year.
Current liabilities are $76,900 and long-term debt is $248,750 as of today, which is the end of the current year.
The financial statements for the current year reflect an interest paid amount of $29,700 and dividends of $19,000. What is the amount of the net new borrowing?