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 40%.

What should Hobson report as income from continuing operations?