he shareholders' equity section of Propel Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data:     ($ in millions)   2021   2020   Common stock, $1 par per share $ 614     $ 601     Paid-in capital—excess of par   350       301     Retained earnings   630       601       During 2021, Propel declared and paid cash dividends of $91 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021. What was Propel's net income for 2021?   Multiple Choice   $29 million   $120 million   $133 million   $182 million

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.