Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Departmental Income Statements For Year Ended December 31 Sales Cost of goods sold Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) Acoustic $ 102,900 45,075 Electric $ 84,100 47,550 57,825 36,550 5,015 4,260 10,090 8,500 19,600 17,800 1,970 1,790 7,055 6,010 2,975 2,600 46,705 40,960 $ 11,120 $ (4,410) 1. Prepare a departmental contribution to overhead report. 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 to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Direct expenses Acoustic Electric Combined Total direct expenses 0 0 0 Departmental contribution to overhead $ 0 $ 0 $ 0 < Required 1 Required 2 > Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Cost of goods sold Gross profit Expenses Departmental Income Statements For Year Ended December 31 Sales Acoustic $ 102,900 45,075 Electric $ 84,100 47,550 57,825 36,550 5,015 4,260 10,090 8,500 19,600 17,800 1,970 1,790 7,055 6,010 2,975 2,600 46,705 40,960 Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) $ 11,120 $ (4,410) 1. Prepare a departmental contribution to overhead report. 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 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated? < Required 1 Required 2 >