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 20AN sie 600 44 325 52225 Elt 3200 47458 35,750 4.350 Sales Cost of goods sold Gross profit Operating expenses Advertising expense Depreciation expense-Equipment Salaries expense Supplies expense Rent expense Utilities expense Total operating expenses Net Income (loss) 19 015 19 119 20,200 1980 2.075 3.035 47,413 $9.610 51950 620 41 190 505.440) 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 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 over WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2019 Acoustic Dept. Electric Dept. Combined Direct expenses Total direct expenses Departmental contributions to overhead Indirect expenses Total indirect expenses R Required 2 >