The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):

Pretax accounting income:	$320
Pretax accounting income included:
Overweight fines (not deductible for tax purposes)	13
Depreciation expense	78
Depreciation in the tax return using MACRS:	124

The applicable tax rate is 39%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is:

	$46.
	$124.
	$287.