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

Pretax accounting income: $ $300$

Pretax accounting income included:

Overweight fines $($not deductible for tax purposes$)6$

Depreciation expense $64$

Depreciation in the tax return $112$

The applicable tax rate is $25\%.$ There are no other temporary or permanent differences.

Franklin's taxable income $($$ in millions$)$ is: