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 Electric $84,00 42350 36,650 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103,200 Cost of goods sold 45 375 Gross profit 57,825 Operating expenses Advertising expense 5,075 Depreciation expense-equipment 10,110 Salaries expense 19,360 Supplies expense 2,010 Rent expenso 2,005 Utilities expense 3,035 Total operating expenses 46,535 Net income (105) $ 11,290 4,350 8,560 17,600 1,750 5,970 2,590 320 $(4,170) 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 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 Dent Electric Dept Combined Direct expenses Total direct expenses Departmental contributions to overhead Indirect pesos Total indirect expenses