The income from operations for the Locomotive Division is a. $57,960 b. $47,280 c. $14,790 d. $27,240

The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: $30,720 Cost of goods sold Direct operating expenses Sales Interest expense General overhead Income tax Rails Division $ 47,200 27,200 108,000 Locomotive Division 20,040 78,000 Corporate Total $ 2,040 18,160 4,700 The income from operations for the Locomotive Division is $57,960 $47,280 $14,790 $27,240