2 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar deportment since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect. WHOLESALE GUITARS Departmental the Stars For Year End December 31, 2017 Acoustic Electric Sales $100,200 $81, cost of wood sold 14.125 4,050 Gross profit 50.05 coratixpenses Advertising expense 4,975 4,10 Depreciation et 30,00 alarme 200 17,100 Supplies 2.90 3,750 Hent expen 7,100 6.10 Ultime 3,90 total operates incones) 10. (10) 36,250 2.00 1. Prepare a departmental contribution report that shows each department's conuibution to overhead WHOLESALE GUXTARS Income Statement Showing Departmental Contato For Year Ended December 31, 2017 Acoustic Dept. Eric Dent Comed 1. Prepare a departmental contribution report that shows each department's contribution to overhead, 2 WHOLESALE GUITARS Income Statement showing Departmental Contribution to Overhead For Year Ended December 31, 2017 Acoustic Dept. Electric Dept. Combined Skind Direct expenses 0 0 0 0 $ 0 Total direct expenses Departmental contributions to overhead $ Indirect expenses 0 Total Indirect expenses 0 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising rent and utilities expenses os indirect WHOLESALE GUITARS Departeental Income Statements For Year Ended December 31, 2017 Acoustic Electric Sales $102,200 $83,300 Cost of goods sold 14.125 42.050 Gross profit 58,025 36,250 Operating expenses Advertising expense 4,975 4,320 Depreciation expense equipment 10.070 3,580 Salaries expense 20.30 17,100 Supplies expense 1,950 1,750 Rent expense 7,105 6,030 utilities expense 2.995 2,600 Total operating expenses 471395 10.30 Net income (loss) $ 19,630 5(4.130)