1. Cisco Systems reports the following footnote disclosure to its 10-K report ($ millions). Years Ended July 30, 2005 Federal Current . . . . . . . . . . . $1,340 Deferred . . .. . . .. . . 497 1,837 State Current . . . . . . 496 Deferred . . . . .. . . . . (292) 204 Foreign Current . . . . . .. . . . 404 Deferred . . . . . . . . . . (150) 254 Total . . . . . $2,295 What amount of income tax expense does Cisco report in its income statement for 2005? a. $2,240 million b. $2,295 million c. $55 million d. $1,837 million