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 | $47,400 | $31,900 | |
Direct operating expenses | 26,800 | 22,900 | |
Sales | 92,800 | 65,300 | |
Interest expense | $2,900 | ||
General overhead | 19,100 | ||
Income tax | 4,500 |
The income from operations for the Locomotive Division is
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