For year 2023, Danny Corp. had $80 million in pretax accounting income. This included warranty expense of $8 million and $32 million in depreciation expense. For tax purpose, $2 million of warranty costs actually paid in 2023 was

deducted. Tax depreciation amounted to $48 million. In the absence of other temporary or permanent differences, what was Danny s taxable income!

O $58 million.

0 $90 million.

O $70 million.

$102 million