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. For Year Ended December 31 Sales Cost of goods sold Gross profit Expenses Advertising Electric Departmental Income Statements Acoustic $ 102,700 44,075 $ 84,800 47,350 58,625 37,450 4.975 4,320 10.080 8.520 19,800 17,100 2,000 1,700 7,015 5,960 3,035 2,590 46,905 40,190. Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) $ 11,720 $ (2,740) 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 CHECK