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

Pretax accounting income:	$	200
Pretax accounting income included:
Overweight fines (not deductible for tax purposes)		5
Depreciation expense		70
Additional information: Depreciation in the tax return with an accelerated method., will be.		110

a. JJs taxable income (in millions) is:

b. Franklin's balance sheet at the end of its first year would report: