Information for ABC Corp. for the current year ($ in millions): $220 30 Income from continuing operations before tax Loss on discontinued operation (pretax) Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income Depreciation deducted on tax return in excess of depreciation expense Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 75 155 18 The applicable enacted tax rate for all periods is 25%. How much tax expense on income from continuing operations would be reported in ABC's income statement? (Round the final answer to 2 decimal places.) Multiple Choice $58.25 million $59.50 million. $52.00 million $39.50 million