Tim Howard Gloves issued 6.50% bonds with a face amount of $42 million, together with 18 million shares of its $1 par common stock, for a combined cash amount of $80 million. The fair value of Howard's stock cannot be determined. The bonds would have sold for $36 million if issued separately. For this transaction, Howard should record paid-in capital-excess of par in the amount of: Multiple Choice $20 million $22 million $26 million O $44 million