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

Shareholders equity	12/31/2018				12/31/2017
Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2018; and ____ million shares issued and ____ shares outstanding at 12/31/2017.	$	75	million		$	45	million
Additional paid-in capital on common stock		520	million			392	million
Retained earnings		197	million			157	million
Treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million shares at 12/31/2017		(72	million)			(50	million)
Total shareholders equity	$	720	million		$	544	million

What was the amount of Levis net income for the year 2018?

• $0.

• $40 million.

• $62 million.

• Cannot be determined from the given information.