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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; 22 million shares

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; 22 million shares authorized; 17 million shares issued and 13 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. $ 85 million $ 65 million Additional paid-in capital on common stock 522 million 394 million Retained earnings 199 million 159 million Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million shares at 12/31/2020 (74 million) (52 million) Total shareholders equity $ 732 million $ 566 million How many of Levi's common shares were outstanding on 12/31/2020?

  • 11 million.

  • 18 million.

  • None of these answer choices are correct.

  • 13 million.

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