Tim Howard Gloves issued $5\mathrm{.}00\%$ bonds with a face amount of $$25$ million, together with $6$ million shares of its $$1$ par common stock, for a combined cash amount of $$46$ million. The fair value of Howard's stock cannot be determined. The bonds would have sold for $$19$ million if issued separately. For this transaction, Howard should record paid$-$in capital$$excess of par in the amount of:

Multiple Choice

$$27$ million.

$$17$ million.

$$21$ million.

$$15$ million.