The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: ($ in millions) 2021 2020 $ 648 $ 618 384 318 664 618 Common stock, $1 par per share Paid-in capital-excess of par Retained earnings During 2021, Time declared and paid cash dividends of $108 million. The company also declared and issued a small stock dividend. No othe changes occurred in shares outstanding during 2021. What was Time's net income for 2021? Multiple Choice $46 million The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: ($ in millions) 2221 2020 $ 648 $ 618 384 318 664 618 Common stock, $1 par per share Paid-in capital-excess of par Retained earnings During 2021, 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 2021. What was Time's net income for 2021? Multiple Choice $46 million