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, 2017 Acoustic Electric Sales $102,300 $83,400 Cost of goods sold 45,475 47,750 Gross profit 56,825 35,650 Operating expenses Advertising expense 5,005 4,300 Depreciation expense-equipment 10,070 8,530 Salaries expense 19,500 17,900 Supplies expense 1,940 1, 710 Rent expense 7,085 5,960 Utilities expense 2,965 2,580 Total operating expenses 46,565 40,980 Net income (loss) $ 10,260 $(5,330) 1. Prepare a departmental contribution report that shows each department's contribution to overhead. WHOLESALE GUITARS Innamactatamanahamian nananananattittannamahaai my work 1. 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, 2017 Acoustic Dept. Electric Dept. Combined Direct expenses Total direct expenses Departmental contributions to overhead Indirect expenses Total indirect expenses