ework a Saved Help Save Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar 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 $103,000 $84,000 Cost of goods sold 45,275 46,950 Gross profit 57,725 37,050 Operating expenses Advertising expense 1,985 1.250 Depreciation 10,120 8,560 expense-Equipment 19,500 17,100 Salaries expense 2,010 1,750 Supplies expense 7,025 5,950 Rent expense 3,015 2, 640 Ucilities expense 46,655 40,250 Total operating expenses $11.070 $ (3,200) Net income (loss) 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? > Next 1 of 6 3 Type here to search