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, 2017 Acoustic Electric $102,500 $84,180 Sales Cost of goods solod Gross profit Operating expenses 45,375 4 57,125 37,150 Advertising expense Depreciation expense-equipment Salaries expense Supplies expense Rent expense Utilities expense 5,065 4,330 8,510 20, 300 17,000 1,9601,770 7,025 6,010 2,640 10,180 2,975 Total operating expenses Net income (loss) 47,425 -40:400 $ 9,700 (3,110) 1. Prepare a departmental contribution report that shows each department's contribution to overhead. WHOLESALE GUITARS