The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): 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 Only the current portion of tax expense of $340 Only the total tax expense of $425. Both the current portion of the tax expense of $160 and the deferred portion of the tax expense of $85. None of these answer choices are correct