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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2021 12/31/2020 Common stock, $5 par; 40 million shares

The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity 12/31/2021 12/31/2020
Common stock, $5 par; 40 million shares authorized; 35 million shares issued and 31 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020. $ 175 million $ 155 million
Additional paid-in capital on common stock 527 million 401 million
Retained earnings 237 million 164 million
Treasury common stock, at cost, 4 million shares at 12/31/2021 and 3 million shares at 12/31/2020 (80 million) (33 million)
Total shareholders equity $ 810 million $ 687 million

What was the amount of Levis net income for the year 2021?

Multiple Choice

$0.

Cannot be determined from the given information.

$73 million.

$120 million.

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