The following financial information was summarized from the accounting records of T December 31: rain Corporation for the current year ended Rails Division Corporate Total Locomotive Division $30,720 20,040 78,000 Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax $47,200 27,200 108,000 $2,040 18,160 4,700 The gross profit for the Rails Division is a. $8,700 b. $33,600 c. $21,150 od, $60,800