Check my world 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 Electric $ 35,00 47,650 37,350 Departmental Income Statements For Year Ended December 31 Acoustic Sales $ 102,900 Cost of goods sold 45,075 Gross profit 57,825 Expenses Advertising 5,845 Depreciation Equipment 10,100 Salaries 19,900 Supplies used 1,950 Rent 7,085 Utilities 3,025 Total expenses 47,025 Income (loss) $ 10,800 4,270 3,540 17,500 1,780 5,950 2,620 40,650 $ (3,310) 1. Prepare a departmental contribution to overhead report 2 Based on contribution to overhead, should the electric guitar department be eliminated? Complete the Complete this question by entering your answers in the tobs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended Decornber 31 Acoustic Electric Combined Direct expenses Total direct expenses 0 0 Departmental contribution to overhead $ 0 $ 0 $ (Required 1 Required 2 >