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 5102,500 Electric $ 84,600 44,575 47,350 57,925 37,250 4,985 4,300 10,120 8,600 19,400 17,800 2,010 1,750 7,095 5,976 3,015 2,610 46,625 41,01 $ 11,300 $ (3,780) 1. Prepare a departmental contribution to overhead report 2. Based on contribution to overhead, should the electric guitar department be eliminated? Departmental Contribution to Overhead For Year Ended December 31 Direct expenses Total direct expenses Departmental contribution to overhead $ Acoustic Electric Combined $ 0 05