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 $83,200 46,950 36,250 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102, 100 Cost of goods sold 43,875 Gross profit 58,225 Operating expenses Advertising expense 5,055 Depreciation expense-Equipment 10,080 Salaries expense 19,500 Supplies expense 1,950 7,065 Utilities expense 2,975 Total operating expenses Net income (loss) $ 11,600 4,350 8,520 17,000 1,750 Rent expense 46,625 6,010 2,580 40,210 $(3,960) 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. 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 Departmental contributions to overhead $ 0 $ $ 0 Indirect expenses Total indirect expenses 0 $ 0 Required Required 2 >