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. ok Gross profit Expenses Advertising Departmental Income Statements For Year Ended December 31 Acoustic Electric Sales Cost of goods sold $ 102,000 $ 83,000 45,375 46,850 56,625 36,150 5,015 4,330 10,140 8,570 19,800 17,500 1,970 1,750 7,065 6,010 3,015 2,630 47,005 40,790 $ (4,640) Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses Income (loss) $ 9,620 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 Total direct expenses Departmental contribution to overhead Acoustic Electric Combined