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. Electric $84,200 47,85e 37,150 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $101,800 Cost of goods sold 45,675 Gross profit 56,125 Operating expenses Advertising expense 5,045 Depreciation expense-Equipment 10,130 Salaries expense 19,400 Supplies expense 2,010 Rent expense 7,045 Utilities expense 3,035 Total operating expenses 46,665 Net income (loss) $ 9,460 4,26 8,590 17,700 1,790 6,010 2,640 40,990 $(3,840) 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 1 Required 2 Prepare a departmental contribution report that shows each department's contribution to overhead. WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2019 Acoustic Dept. Electric Dept. Combined Direct expenses Total direct expenses 0 0 0 0 $ Departmental contributions to overhead $ 0 $ 0 Indirect expenses Total indirect expenses 0 $ 0