Tim Howard Gloves issued 6.75% bonds with a face amount of $43 million, together with 20 million shares of its $1 par commion stock, for a combined cash amount of $82 million. The fair value of Howard's stock cannot be determined. The bonds would have sold for $37 million if issued separately. For this transaction, Howard should record paid in capital-excess of par in the amount of: Multiple Choice $45 milion. 519 million $25 milion. $21 million