4 666 bort Below are departmental income statements for a guitar manufacturer The manufacturer is considering eliminating s electric guitar department since has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Dartnental The Statements for Year Ended Deer 11, 2019 Acoustic Electric Sales S101,900 Cast of goods sold de Gross profit 57 125 Operating expenses Advertisingepente 4 Depreciation expense-count 10,150 1,540 Salaries expense 19,40 17.1 Supplies expense 1. 1,7 Rent expense 7,025 5,90 Utilitiese pense MS Total aperating expenses 30373 402 et Income (1) 10.550 (3,730) wool D 1. Prepare a departmental contribution report that shows each department's contribution to overhead. 2. Based on contribution to overhead, should the electric guitar department be eliminated. Complete this question by entering your answers in the tabs below. Required 2 Prepare a departmental contribution report that shows each department's contribution to overhead. WIOLESALE GUITARES Farm1.2018 Dethie Dee on the Required 2 > Ch 2 Homework 4 1666 points 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 as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Electric Sales $101, 384,30 Cost of goods sold 44 275 467 Gross profit 57,125 37.55 Daerating expenses Advertising expense 5,075 4,30 Depreciation expense-Equipment 10,150 3,540 Salaries expense 19,400 17.10 Supplies expense 1,080 1,730 Rent expense 7.025 5,99 Utilities expense 2.945 2,62 total operating expenses 4575 Net Income (los) $ 10,50 $(2,730) Book Hire Prime erences 1. Prepare a departmental contribution report that shows each department's contribution to overhead. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your ans answers in the tabs below. Required: Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead should the electric guitar department be eliminated