Information for Hobson Corporation for the current year (\$ in millions): Income from continuing operations before tax Loss on discontinued operation (pretax) $230 10 Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income 85 Depreciation deducted on tax return in excess of depreciation expense 175 Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 20 The applicable enacted tax rate for all periods is 25%. What should Hobson report as income from continuing operations? Multiple Choice $167.50 million $358.75 miltion $230.00 miltion $341.25 million