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The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate Total Cost of goods sold $47,700 $31,800 Direct operating expenses 26,800 21,700 Sales 93,100 66,800 Interest expense $2,400 General overhead 19,400 Income tax 4,200
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