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 $102,200 $84,900 45,575 46,850 56,625 38,050 Sales Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense- equipment Salaries expense Supplies expense Rent expense Utilities expense 5,045 4,260 10,080 8,530 20,000 17,400 1,730 5,960 2,610 47,105 40,490 1,950 7,025 3,005 Total operating expenses Net income (loss) $ 9,520 $(2,440) 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 Electric Dept. Combined Dept. Direct expenses Total direct expenses Departmental contributions to overhead ndirect expenses Total indirect expenses 0