Below are clepaitmental income statements for a guitar manufacturer. The company classifies advertising. rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Departmental Income Statements For Year Ended December 31 Acoustic Electric Sales 5 112,599 5 165,566 Cost of goods sold 555575 555759 Gross profit 56,625 38,756 Expenses advertising 3,6?5 6,256 DepreciationEquipment 16,156 9,666 Salaries 1?,366 13,566 Supplies used 2,636 1,?66 Rent 6,165 5,956 Utilities 3,945 2,559 Total expenses 46,?65 38,956 Income (loss) 5 155129 5 {299) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead. should the electric guitar clepaitment be eliminated? Complete this question by entering your answers in the tabs below. 1. Prepare a departmental contribution to overhead report. 1 Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Total direct expenses Departmental contribution to overhead Required 2 > 1. Prepare a departmental contribution to overhead report. 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 1 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? :I