The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): The applicable tax rate is 25%. Thete are no other temporaty or permanent differences. Which of the following must Franklin Freightways disciose related to the income tax expense reported in the incorne statement (\$ in millons)? Multiole Choice Only the cufrent portion of tax expense of $300 Only the total tax expense of 5375 Which of the following must Franklin Freightways disciose related to the income tax expense reported in the income statement (\$ in millons)? Mutiple Choice Only the current portion of tax expense of $300 Only the total tax expense of $375 Both the current portion of the tax expense of $144 and the deferred portion of the tax expense of $75 None of these answer choises are correct