The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): $260 Pretax accounting income: Pretax accounting income included: overweight fines (not deductible for tax purposes) 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 (S in millions)? Both the current portion of the tax expense of $66 and the deferred portion of the tax expense of $16. Only the current portion of tax expense of $66 None of these answer choices are correct Only the total tax expense of $82