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; 37 million shares authorized; 32 million shares issued and 25 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020.	$	160	million		$	125	million
Additional paid-in capital on common stock		524	million			400	million
Retained earnings		231	million			161	million
Treasury common stock, at cost, 7 million shares at 12/31/2021 and 3 million shares at 12/31/2020		(83	million)			(47	million)
Total shareholders equity	$	792	million		$	639	million

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

Multiple Choice

• $106 million.

• $70 million.

• $0.

• Cannot be determined from the given information.