Information for Hobson Corporation for the current year ( $ in millions): Income from continuing operations before tax $160 Loss on discontinued operation (pretax) 10 Temporary differences (all related to operating income): \begin{tabular}{ll} Accrued warranty expense in excess of expense included in operating income & 15 \\ Depreciation deducted on tax return in excess of depreciation expense & 35 \end{tabular} Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 6 The applicable enacted tax rate for all periods is 25%. What should Hobson report as income from continuing operations? Multiple Choice $160.00 million $131.25 million $13475 milition $11850 million