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

Pretax accounting income: $ 195

Pretax accounting income included:

Overweight fines (not deductible for tax purposes): 5

Depreciation expense: 70

Depreciation in the tax return: 110

The applicable tax rate is 25%. There are no other temporary or permanent differences. Which of the following must Free Freightways disclose related to the income tax expense reported in the income statement ($ in millions)?

A) Only the current portion of tax expense of $40.

B) Only the total tax expense of $50.

C) Both the current portion of the tax expense of $40 and the deferred portion of the tax expense of $10.

D) None of these answer choices are correct.