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The following financial information was nformation was summarized from the accounting records of Train Corporation for the current year ended December 31 the Rals LocomotiveCorporate

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The following financial information was nformation was summarized from the accounting records of Train Corporation for the current year ended December 31 the Rals LocomotiveCorporate Dvision Divisien $48,000$31,700 20,400 67,800 Cost of goods sold Direct operating expenses 26,400 90,600 Interest expense General overhead Income tax The net income for Train Corporation is 19,700 $78,700 $31,900 $5,400 $66,700 Previous

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