The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Corporate Total Rails Division $46,000 27,600 93,600 Locomotive Division $30,900 21,700 Cost of goods sold Direct operating expenses 67,600 $2,500 Sales Interest expense General overhead Income tax 18,800 4,300 The net income for Train Corporation is a. $70,500 b. $9,400 c. $84,300 Od. $35,000