he following data were reported in the shareholders$$ equity section of the Zhang Company$$s comparative balance sheets for the years ended December $31$:

$($$ in millions$)20242023$Common stock, $ $1$ par per share$ $306$$ $300$Paid$-$in capital $$ excess of par$174150$Retained earnings$314300$

During $2024,$ Zhang declared and paid cash dividends of $$45$ million. The company also declared and issued a stock dividend. No other changes occurred in shares outstanding during $2024.$ What was Zhang$$s net income for $2024?$

Multiple Choice

$$14$ million

$$89$ million

$$59$ million

$$65$ million