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

Pretax accounting income:	$	403
Pretax accounting income included:
Overweight fines (not deductible for tax purposes)		5
Depreciation expense		90
Depreciation in the tax return		210

The applicable tax rate is 25%. 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)?

Multiple Choice

• None of these answer choices are correct.

• Only the total tax expense of $150.

• Only the current portion of tax expense of $120

• Both the current portion of the tax expense of $72 and the deferred portion of the tax expense of $30.