The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Corporate Locomotive Total Division Division Cost of goods sold $47,900 $31,800 Direct operating expenses 26,100 22,700 Sales 99,000 68,700 Interest expense $2,400 General overhead 20,000 Income tax 4,300 The net income for Train Corporation is O$88,000 O$12,500 O$39,200 O$74,700