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, 2019 Acoustic Electric Sales $ 102,700 $ 83,000 Cost of goods sold 44,975 47,050 Gross profit 57,725 35,950 Operating expenses Advertising expense 5,015 4,310 Depreciation expenseEquipment 10,050 8,560 Salaries expense 19,600 17,100 Supplies expense 1,970 1,710 Rent expense 7,015 5,950 Utilities expense 3,025 2,630 Total operating expenses 46,675 40,260 Net income (loss) $ 11,050 $ (4,310 ) 1. Prepare a departmental contribution report that shows each departments contribution to overhead. 2. Based on contribution to overhead, should the electric guitar department be eliminated?