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 $102,300 $84,900 Cost of goods sold 45,375 47,250 Gross profit 56,925 37,650 Operating expenses Advertising expense 5,045 4,290 Depreciation expense-Equipment 10,120 8,540 Salaries expende 19,900 17,700 Supplies expensie 1,940 1,780 Rent expense 7,035 5,980 Utilities expense 2.965 2,650 Total operating expenses 47, 005 40,940 Net income (los) $ 9,920 ${3,290) 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? 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 D 0 Total direct expenses Departmental contributions to overhead Indirect expenses $ 0 $ 0 $ 0 Total indirect expenses 0 $ 0