Below are departmental Income statements for a gultar manufacturer. The company classifies advertising, rent, and utilities as Indirec expenses. The manufacturer is considering eliminating Its Electric Guitar department because it shows a loss. Electric $ 84,100 47, 158 36,95 Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 101,800 Cost of goods sold 45,575 Gross profit 56,225 Expenses Advertising 5,055 Depreciation-Equipment 18,888 Salaries 19,888 Supplies used 1,940 Rent 7,685 Utilities 2,975 Total expenses 46,935 Income (loss) $ 9,290 4,310 8,560 17,500 1,740 5,989 2,600 40,690 $ (3,740) 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 Sales Cost of goods sold Gross profit Direct expenses Total direct expenses 0 0 0 Departmental contribution to overhead $ 0 $ 0 $ ay (Alt+R)