The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division $46,700 26,100 93,500 Locomotive Corporate Total Division $30,000 22,000 68,800 Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax The gross profit for the Rails Division is $2,000 19,700 4,400 $46,800 $20,700 $67,400 $93,500