Below are departmental income statements for a guitar manufacturer. The manufactur department since it has a net loss. The company classifies advertising, rent, and utilitie Electric $84,700 47,350 37,350 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102,400 Cost of goods sold 45,075 Gross profit 57,325 Operating expenses Advertising expense 4,985 Depreciation expense-Equipment 10,050 Salaries expense 19,900 Supplies expense 2,010 Rent expense 7,095 Utilities expense 2,965 Total operating expenses 47, 005 Net income (loss) $ 10,320 4,340 8,580 17,200 1,730 5,950 2,650 40,450 $(3,100) 1. Prepare a departmenta contribution report that shows each department's contribution 2. Based on contribution to overhead, should the electric guitar department be eliminat Calatabiatshandau WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2019 Acoustic Dept. Electric Dept. Combined Sales $ 102,400 Cost of goods sold Gross profit 57,325 Direct expenses + ces Total direct expenses 0 0 0 Departmental contributions to overhead $ 57,325 $ 0 $ 0 Indirect expenses Total indirect expenses $ $ 0