Information for Hobson Corp. for the current year ($ in millions):

Income from continuing operations before tax $150

Loss on discontinued operation (pretax) 30

Temporary differences (all related to operating income):

Accrued warranty expense in excess of expense included in operating income 10

Depreciation deducted on tax return in excess of depreciation expense 25

Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 5

The applicable enacted tax rate for all periods is 21%.

How much tax expense on income from continuing operations would be reported in Hobson's income statement?

What should Hobson report as income from continuing operations?

What should Hobson report as net income?