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 Acoustic Sales Cost of goods sold $ 103,300 43,875 Electric $ 83,000 46,850 Gross profit Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities 59,425 36,150 5,005 4,350 10,120 8,550 20,100 17,300 2,030 1,770 7,035 6,020 3,035 2,630 Total expenses Income (loss) 47,325 40,620 $ 12,100 $ (4,470) 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 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 > 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