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; 27 million shares authorized; 22 million shares issued and 19 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020.	$	110	million		$	95	million
Additional paid-in capital on common stock		527	million			394	million
Retained earnings		204	million			164	million
Treasury common stock, at cost, 3 million shares at 12/31/2021 and 1 million shares at 12/31/2020		(79	million)			(57	million)
Total shareholders equity	$	762	million		$	596	million

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

Multiple Choice

• $5 per share.

• $49 per share.

• 62 per share

• cannot be determine

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; 27 million shares authorized; 22 million shares issued and 17 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020.	$	110	million		$	85	million
Additional paid-in capital on common stock		527	million			395	million
Retained earnings		211	million			164	million
Treasury common stock, at cost, 5 million shares at 12/31/2021 and 2 million shares at 12/31/2020		(75	million)			(36	million)
Total shareholders equity	$	766	million		$	608	million

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

Multiple Choice

• $0.

• $47 million.

• $86 million.

• Cannot be determined from the given information.