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 $84,100 47,550 36,55 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103,300 Cost of goods sold 44,175 Gross profit 59,125 Operating expenses Advertising expense 4,985 Depreciation expense-equipment 10,130 Salaries expense 19,700 Supplies expense 2.000 Rent expense 7.25 Utilities expense 2,955 Total operating expenses 46,795 Net Incone (Loss) $ 12,330 4,290 3,570 17.200 1,790 6,230 2,570 40,450 (3,900) 1. Prepare a departmental contribution report that shows each department's contribution to overhead 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 $84,100 47,550 36,55 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103,300 Cost of goods sold 44,175 Gross profit 59,125 Operating expenses Advertising expense 4,985 Depreciation expense-equipment 10,130 Salaries expense 19,700 Supplies expense 2.000 Rent expense 7.25 Utilities expense 2,955 Total operating expenses 46,795 Net Incone (Loss) $ 12,330 4,290 3,570 17.200 1,790 6,230 2,570 40,450 (3,900) 1. Prepare a departmental contribution report that shows each department's contribution to overhead