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 cassifies advertising, rent, and utilities expenses as Indirect Electric $84,500 47.11 37.5 WHOLESALE GITTARS Departmental Incone Statenents For Year Ended December 31, 2017 coustic Sales $102,400 Cost of goods sold 4,775 Gross protit 57,625 Operating expenses Advertising expense 5,065 Depreciation expense equipe 10.06 Salaries expense Supplies expense Rent expenses Utilities expense Total operating expenses Met Income (Loss) 4,33 8,540 17.30 1.710 5,970 10.30 41,01 $(3.680) 1. 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, 2017 Acoustic Dept. Electric Dept Combined Directors access Dental buions to brots 1. 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, 2017 Acoustic Dept. Bectric Dept Combined Direct eye Total direct expense Departmental contributions to overheads Indirect expenses os Total indirect expenses 2. Based on contribution to overhead, should the electric guitar department be eliminate?!