Show that it is possible to solve algebraically for the amount of new borrowing according to the below:

New borrowing = -334,642

Sales growth 20% Tax rate 16% Income Statement Sales $ 920,000.00 Costs 495,000.00 Depreciation 122,500.00 Interest 66,000.00 Taxable income $ 236,500.00 Taxes 37,840.00 Net income $ 198,660.00 Dividends $ 40,000.00 Additions to retained earnings $ 158,660.00 Balance Sheet Assets Liabilities and Equity Current assets $340,000.00 Total debt $880,000.00 Net fixed assets $1,102,500.00 Owners' equity $562,500.00 Total assets $1,442,500.00 Total debt and equity $1,442,500.00 Note: Beginning Fixed Assets = $1,225,000

Solve algebraically for the amount of new borrowing.