Exercise $22-8($Static$)$ Departmental income statement and contribution to overhead LO P$3$

The Ski department reports sales of $$605,000$ and cost of goods sold of $$425,000.$ Its expenses follow.

$\backslash$table$[[$Direct expenses,Indirect expenses,Service department expenses,,$],[$Salaries$,$$$112,000,$Rent,$$14,000,$Office$],[$Depreciation$,42,000,,,]]$

For the Ski department only, prepare a departmental income statement.

& $3.$ For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated?

Complete this question by entering your answers in the tabs below.

Req $1$

Req $2$ and $3$

For the Ski department only, prepare a departmental income statement.

$\backslash$table$[[$Departmental Income Statement,$],[$For Year Ended December $31,$Ski Department$],[,],[,],[$Gross profit,$],[$Expenses$,]]$