In $2023,$ HD had reported a deferred tax asset of $$90$ million with no valuation allowance. At December $31,2024,$ the account balances of HD Services showed a deferred tax asset of $$120$ million before assessing the need for a valuation allowance and income taxes payable of $$80$ million. HD determined that it was more likely than not that $30\%$ of the deferred tax asset ultimately would not be realized. HD made no estimated tax payments during $2024.$ What amount should HD report as income tax expense in its $2024$ income statement?

Question $15$ options:

A$)$

$$50$ million

B$)$

$$80$ million

C$)$

$$86$ million

D$)$

$$116$ million