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

Pretax accounting income:	$200
Pretax accounting income included:
Overweight fines (not deductible for tax purposes)	5
Depreciation expense	70
Depreciation in the tax return using MACRS:	110

The applicable tax rate is 40%. There are no other temporary or permanent differences. Which of the following must Franklin Freightways disclose related to the income tax expense reported in the income statement ($ in millions)?

Only the current portion of tax expense of $66.

Only the total tax expense of $82.

Both the current portion of the tax expense of $66 and the deferred portion of the tax expense of $16.

None of these answer choices are correct.