2 Exercise 22-8 (Algo) Departmental income statement and contribution to overhead LO P3 Calaras The Spartment reports as of 5625.000 and cost of goods sold of 5432500. Its expenses foto So 3. $ 17, De For the department only prepare a departmental income statement 2. & 3. For the Slidepartment only repea departmental contribution to overhead report on es pode department Complete this question by entering you in the show he Por een > Exercise 22-8 (Algo) Departmental income statement and contribution to overhead LO P3 The Ski department reports sales of $625,000 and cost of goods sold of $437.500. Its expenses follow. Direct expenses Indirect expenses Service department expenses Salaries 5 118,000 Rent $ 17,200 office $ 23,400 Depreciation 42,800 Book 1. For the Ski department only prepare a departmental income statement 2. & 3. For the Ski department only prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Hint Complete this question by entering your answers in the tabs below. Perences Reg 1 Reg 2 and 3 a For the Ski department only prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Departmental Contribution to Overhead For Year Ended December 31 5xl Department 0 Total direct expenses Departmental contribution to overhead Should the Ski department be eliminated? 0 0 $