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 $ 102,900 $ 84,300 Cost of goods sold 44,175 47,650 Gross profit 58,725 36,650 Operating expenses Advertising expense 5,055 4,340 Depreciation expenseEquipment 10,100 8,580 Salaries expense 19,900 17,800 Supplies expense 2,010 1,780 Rent expense 7,085 5,990 Utilities expense 3,015 2,590 Total operating expenses 47,165 41,080 Net income (loss) $ 11,560 $ (4,430 ) 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?