i chose B but it says its wrong pls show step by step

The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars) $310 Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return using MACRS: 12 77 122 The applicable tax rate is 25%. There are no other temporary or permanent differences, Franklin's taxable income is in millions) is: Multiple Choice $45 $45. $277. $122. $265