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

Shareholders' equity12/31/202112/31/2020Common stock, $5 par; 34 million shares authorized; 29 million shares issued

and 25 million shares outstanding at 12/31/2021; and ____million shares

issued and ____shares outstanding at 12/31/2020.$145million$125millionAdditional paid-in capital on common stock521million392millionRetained earnings194million158millionTreasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million

shares at 12/31/2020(69million)(47million)Total shareholders' equity$791million$628million

7.What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?

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

Shareholders' equity12/31/202112/31/2020Common stock, $5 par; 24 million shares authorized; 19 million shares

issued and 14 million shares outstanding at 12/31/2021; and ____million shares

issued and ____shares outstanding at 12/31/2020.$95million$70millionAdditional paid-in capital on common stock524million394millionRetained earnings201million161millionTreasury common stock, at cost, 5 million shares at 12/31/2021 and 2 million

shares at 12/31/2020(74million)(41million)Total shareholders' equity$746million$584million

What was the average price of the additional treasury shares purchased by Levi during 2021?(Round your answer to 2 decimal places.)

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

Shareholders' equity12/31/202112/31/2020Common stock, $5 par; 37 million shares

authorized; 32 million shares issued

and 25 million shares outstanding at12/31/2021;

and ____ millionshares issued

and ____ shares outstanding at 12/31/2020.$160million$125millionAdditional paid-in capital on common stock524million400millionRetained earnings231million161millionTreasury common stock, at cost, 7 million

shares at 12/31/2021 and 3 million

shares at 12/31/2020(83million)(47million)Total shareholders' equity$792million$639million

What was the amount of Levi's net income for the year 2021?