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The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 37 million shares
The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2021 12/31/2020 Shareholders' equity 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. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 7 million shares at 12/31/2021 and 3 million shares at 12/31/2020 Total shareholders' equity $160 million 524 million 231 million $125 million 400 million 161 million (83 million) $792 million (47 million) $639 million What was the amount of Levi's net income for the year 2021? Multiple Choice $70 million $0. $106 million Cannot be determined from the given information
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