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; 28 million shares authorized; 23 million shares issued and 16 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020.	$	115	million		$	80	million
Additional paid-in capital on common stock		528	million			394	million
Retained earnings		213	million			165	million
Treasury common stock, at cost, 7 million shares at 12/31/2021 and 3 million shares at 12/31/2020		(76	million)			(35	million)
Total shareholders equity	$	772	million		$	604	million

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

Multiple Choice

• $0.

• $48 million.

• $89 million.

• Cannot be determined from the given information.