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The following financial information was summarized from the accounting records of Train Corporation for the...

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Accounting

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 $47,500 $28,200
Direct operating expenses 27,400 20,400
Sales 93,000 69,900
Interest expense $2,600
General overhead 19,500
Income tax 4,300

The income from operations for the Rails Division is

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