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