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Both required sections are from ONE question, please answer both parts. Thank you! Below are departmental income statements for a guitar manufacturer. The manufacturer is

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Both "required" sections are from ONE question, please answer both parts. Thank you!
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guita 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 $102,100 $84,000 Cost of goods sold 45,575 46,950 Gross profit 56,52537,850 Operating expenses Advertising expense 5,065 4,290 Depreciation expense-Equipment 10,860 8,590 Salaries expense 19,500 17,400 Supplies expense 2,020 1,760 Rent expense 7,055 6,010 Utilities expense 2.995 2,620 Total operating expenses 46,695 40,670 Net Income (loss) $ 9,830 $13,620) 1. Prepare a departmental contribution report that shows each department's contribution to overhead, 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 report that shows each department's contribution to overhead WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2019 Acoustic Dept. Electric Dept. Combined Direct expenses + Total direct expenses Departmental contributions to overhead Indirect expenses Total indirect expenses Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated?

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