Tim Howard Gloves issued 6.75% bonds with a face amount of $32 million, together with 20 million shares of its $1 par common stock, for a combined cash amount of $60 million. The fair value of Howard's stock cannot be determined. The bonds would have sold for $26 million if issued separately. For this transaction, Howard should record paid-in capitalexcess of par in the amount of:

Multiple Choice $34 million $8 million $10 million $14 million