$At$ December $31,2022,$ Flint $Ltd.$ had $903000$ common shares outstanding. $In$ addition, the corporation had $359000$ non$-$cumulative preferred shares outstanding, which were convertible into $615000$ common shares. During $2023,$ Flint paid cash dividends $of$ $$369000to$ the common shares and $$232000to$ the preferred shares. Net income for $2023is$

$1.$ $$0\mathrm{.}89.$

$2.$ $$1\mathrm{.}48.$

$3.$ $$2\mathrm{.}25.$

$4.$ $$1\mathrm{.}10.$