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 Cost of goods sold Gross profit Operating expenses 00:38:46 $103,100 $84,200 47,650 58,525 36,550 44,575 Advertising expense Depreciation expense-equipment Salaries expense Supplies expense Rent expense Utilities expense 4,985 4,330 8,560 19,900 17,500 1,950 1,770 6,050 2,630 47,035 40P60 10,120 7,085 2,995 Total operating expenses Net income (loss) s 11,490 (4,290) 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