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 $102,700 $84,200 4,07547,750 58,625 36,450 Sales Cost of goods sold Gross profit Operating expenses 4,985 4,270 10,130 8,580 20,000 17,900 1,930 1,740 7,0555,960 2.580 41,030 Advertising expense Depreciation expense-equipment Salaries expense Supplies expense Rent expense Utilitien expense 47,095 Total operating expensen Net income (loon) s 11,530 4,580) 1. Prepare a departmental contribution report that shows each departments contribution to overhead WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2017 Acoustic Dept. Electric Dept.Combined Direct expenses Total direct expenses Departmental contributions to overhead Indirect expenses Total indirect expenses