The shareholders' equity section of Time Company's comparative balance sheets for the years ended December $31,2024$ and $2023,$ reported the following data:

$($$ in millions$)$

$20242023$

Common stock, $$1$ par per share $ $648$ $ $618$

Paid$-$in capital$$excess of par $384318$

Retained earnings $664618$

During $2024,$ Time declared and paid cash dividends of $$108$ million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during $2024.$ What was Time's net income for $2024?$

Multiple Choice

$$250$ million

$$46$ million

$$184$ million

$$154$ million