Transcribed Image Text: onL… Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for

Transcribed Image Text: onL…
Use this information for Train Corporation to answer the question that follow.
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31:
Rails
Locomotive
Corporate
Division
Division
Total
Cost of goods sold
$45,700
$28,800
Direct operating expenses
27,600
22,800
Sales
94,100
68,700
Interest expense
$2,600
General overhead
19,700
Income tax
4,400
The gross profit for the Rails Division is
Oa. s20,800
Ob. $94,100
Oc. $48,400
Od. $66,500
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CP
17/13/20

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