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 $ 83,300 46,750 36,550 Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 102,800 Cost of goods sold 43,675 Gross profit 59,125 Expenses Advertising 5,015 Depreciation-Equipment 10,130 Salaries 19,500 Supplies used 2,030 Rent 7,095 Utilities 3,025 Total expenses 46,795 Income (loss) $ 12,330 4,260 8,560 17,400 1,720 6,050 2,570 40,560 $ (4,010) 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 Departmental contribution to overhead 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 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated?