The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division $47,100 Corporate Total Cost of goods sold Direct operating expenses Sales Locomotive Division $31,900 22,900 69,700 27,600 92,600 Interest expense $3.000 General overhead 8.700 Income tax 4.500 The gross profit for the Rails Division is a. $17,900 b. $92,600 c. $45,500 d. $65,000