In 2021, Hoover Services had reported a deferred tax asset of $90 million with no valuation allowance. At December 31, 2022, the account balances of Hoover Services showed a deferred tax asset of $100 million before assessing the need for a valuation allowance and income taxes payable of $60 million. Hoover determined that it was more likely than not that 25% of the deferred tax asset ultimately would not be realized. Hoover made no estimated tax payments during 2022. What amount should Hoover report as income tax expense in its 2022 income statement?

A $50 million

B $60 million

C $95 million

D $75 million