Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Electric Sales $101,600 $83,500 Cost of goods sold 44,475 47,250 Gross profit 57,125 36,250 Operating expenses Advertising expense 5,065 4,270 Depreciation expense-Equipment 10.130 8,590 Salaries expense 19,900 17,600 Supplies expense 2,020 1,740 Rent expense 7,035 5,970 Utilities expense 3.035 2.630 Total operating expenses 47,185 40,000 Net income (los) 9,940 $(4.550) $ 1. Prepare a departmental contribution report that shows each department's contribution to overhead, 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 report that shows each department's contribution to overhead. WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2019 Acoustic Dept. Electric Dept. Combined Direct expenses 0 0 0 Total direct expenses Departmental contributions to overhead Indirect expenses $ 0 $ 0 $ 0 Total indirect expenses 0 Required Required