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. Electric $ 83,500 47,150 36,350 Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 102,500 Cost of goods sold 45,475 Gross profit 57,025 Expenses Advertising 4,985 Depreciation-Equipment 10,120 Salaries 19,400 Supplies used 1,990 Rent 7,035 Utilities 2,94 Total expenses 46,475 Income (loss) $ 10,550 4,260 8,530 17,500 1,760 6,000 2,590 40,640 $ (4,290) 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 Acoustic Electric Combined Direct expenses Total direct expenses 0 0 0 0 Departmental contribution to overhead $ 0 $ 0$