Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rest, an expenses. The manufacturer is considering eliminating ts Electric Guitar department because it shows a loss $ 84,900 45,950 37,950 Departmental Iss Sextets Tor Year Ended Deceber 31 Sales $ 103, 430 Cont of goods sold 63,975 Cross profit 39,425 Expenses Advertising 5,055 Depreciation Equipment 10,00 Salaries 19,900 Supplies und 1,340 Rent 7,055 Otilities 3,035 Total expenses 47,065 Income (los) $ 12,360 4,340 3.560 17.000 1, 720 5,980 2,650 40,240 $ (2,290) 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. Combined Departmental Contribution to Overhead For Year Ended December 31 Acoustie Electric Sales 103.400 $ 84,900 Cost of goods sold 43.975 46,950 Gross profit 59,425 37.950 Direct expenses Depreciation expense-Equipment