TB MC Qu. 16-108 (Algo) Information for Hobson Corp. for the... Information for Hobson Corp. for the current year ($ in millions): $215 30 5:07 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 70 145 17 The applicable enacted tax rate for all periods is 25%. How much tax expense on income from continuing operations would be reported in Hobson's income statement? (Round the final answer to 2 decimal plakes.)