The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $45,600 $30,400 Direct operating expenses 26,800 22,700 Sales 96,200 67,500 Interest expense $2,400 General overhead 19,700 Income tax 4,300 The net income for Train Corporation is a. $11,800 b. $72,200 c. $87,700 d. $38,200