Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric gultar 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, 2017 Acoustic $101,800 44,175 Electric $83,000 Sales Cost of goods sold Gross profit Operating expenaes Advertiaing expenane Depreaiation expense- equipment Salaries expense Supplien expense Rent expense Utilitics expense 47,550 35,450 57,625 5,005 4,270 10,080 8,580 20,200 1,990 17,900 1,740 6,030 2,580 7,045 3,035 Total operating expensea 47,355 41,100 Net income (losa) 10,270 (5,650) 1. Prepare a departmental contribution report that shows each department's contribution to overhead WHOLESALE GUITARS Income Statement Showing Departmental Contri bution to Overhead For Year Ended December 31, 2017 Acoustic Electric Combined Dept. Dept Direct expenses Total direct expenses Departmental contributions 0 0S 0S S 0 to overhead Indirect expenses Total indirect expenses 0 S 0 2. Based on contribution to overhead, should the electric guitar department be eliminated? No