The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: SIE EE Rails L ocomotive Corpo Division Division Tot BETTER LLE T REE $ 47,200 $30,720 FPT EEEEEEEEE E Cost of goods sold SEA Direct operating expenses Ri 27,200 20,040 Sales 108,000 78,000 Interest expense $ 2,040 General overhead 18,160 4.700 Income tax The gross profit for the Locomotive Division is $57,960 $14,790 $27,240 $47,280