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 $47,100 $29,900 Direct operating expenses 26,600 22,100 Sales 95,100 66,200 Interest expense $2,200 General overhead 18,400 Income tax 4,200 The gross profit for the Rails Division is a. $48,000 b. $68,500 c. $95,100 d. $21,400