please explain any math in this question. im studying for a test so im trying to learn the processes. thank you kn advance.

Use the following information to answer the next two questions. Balances or Values at December 31, 2022 Projected benefit obligation Accumulated benefit obligation Vested benefit obligation Fair value of plan assets Accumulated OCI - Net loss (zero balance at January 1, 2022) $4,195,000 3,980,000 3,680,000 3,726,000 26,800 8. Tim Howard Gloves issued 4.75% bonds with a face amount of $24 million, together with 4 million shares of its $1 par common stock, for a combined cash amount of $44 million. The fair valuc of Howard's stock cannot be determined. The bonds would have sold for $18 million if issued separately. For this transaction, Howard should record paid-in capital excess of par in the amount of: a. $26 million b. $22 million c. $18 million d. $16 million 2