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Information for Hobson International Corp. for the current year ($ in millions): Income from continuing...

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Information for Hobson International Corp. for the current year ($ in millions): Income from continuing operations before tax $150 Extraordinary loss (pretax) 30 Temporary differences (all related to operating income): Accrued warranty expense in excess of write-offs included in operating income Depreciation deducted on tax return in excess of depreciation expense 25 Permanent differences (all related to operating income): Nondeductible portion of travel & entertainment expense 5 The applicable enacted tax rate for all periods is 40%. 10 What should Hobson International report as income from continuing operations? O $94 million. O $90 million. O $88 million. O None of the above

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