The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: $170 Pretax accounting income included: 7 79 130 Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return using MACRS: The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is: Multiple Choice $119 $126 $130 $51 1