The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31 Rails Division $47,400 26,200 97,800 Locomotive Corporate Total Division $28,200 20,800 70,000 Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax The income from operations for the Locomotive Division is $2,500 19,200 4,500 $21,000 $41,800 $70,000 $49,200