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 583,600 47.350 36,250 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2019 Acoustic Sales $102, 100 Cost of goods sold 44,675 Gross profit 57,425 Operating expenses Advertising expense 5.045 Depreciation expense-Equipment 10.090 Salaries expense 19,700 Supplies expense 2,000 Rent expense 7,015 Utilities expense 3.015 Total operating expenses 46.365 Net Income (los) $ 10,560 4,270 8,520 17,200 1,740 6,040 2,610 40380 3(4,130) 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. 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 0 0 0 Departmental contributions to overhead $ 0 $ 0 0 $ Indirect expenses 0 Total indirect expenses $ 0 Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department beliminated?