On January 1, Year 1, Chino completed its first issuance of common stock by issuing 10,000 common shares with a $1 par value for $10 per share. On July 1, Year 1, Chino repurchased 2,000 shares at $8 per share to hold as treasury stock. Under the cost method, what amount should be reported on the balance sheet in the stockholders equity section for treasury stock?