The corporate charter of Llama Co. authorized the issuance of 26 million, $1 par common shares. During 2021, its first year of operations, Llama had the following transactions: January 1 sold 6 million shares at $31 per share June 3 purchased 18 million shares of treasury stock at $34 per share December 28 sold the 4 million shares of treasury stock at $36 per share What amount should Llama report as additional paid-in capital in its December 31, 2021, balance sheet?

• $188 million

• $194 million

• $180 million

• $146 million