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 $83,700 46,950 36,750 WHOLESALE GUITARS Departmental Income Statements For Year Ended December 31, 2017 Acoustic Sales $103,200 Cost of goods sold 45,175 Gross profit 58,025 Operating expenses Advertising expense 5,015 Depreciation expense-equipment 10,080 Salaries expense 19,500 Supplies expense 2,010 Rent expense 7,095 Utilities expense 2,995 Total operating expenses 46,695 Net income (loss) $ 11,330 4,310 8,580 17,800 1,770 6,020 2,640 41,120 $(4,370) 1. Prepare a departmental contribution report that shows each department's contribution to overhead. 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 0 0 Total direct expenses Departmental contributions to overhead Indirect expenses $ 0 0 Total indirect expenses