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 $45,400 $30,900 Direct operating expenses 26,700 21,100 Sales 97,300 69,700 Interest expense $2,700 General overhead 18,200 Income tax 4,000 The income from operations for the Locomotive Division is a.$38,800 b.$48,600 c.$17,700 d.$69,700