Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 102,200 Electric $ 84,700 Cost of goods sold 45,275 47,050 Gross profit 56,925 37,650 Expenses Advertising Depreciation-Equipment Salaries Supplies used Rent Utilities Total expenses 5,015 4,300 10,120 8,520 19,700 17,900 1,980 1,750 7,085 6,010 3,025 2,640 46,925 41,120 Income (loss) $ 10,000 $ (3,470) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Acoustic Electric Combined Gross profit Direct expenses Total direct expenses Departmental contribution to overhead