Exercise 22-8 (Algo) Departmental income statement and contribution to overhead LO P3 The Ski department reports sales of $620,000 and cost of goods sold of $434,000. Its expenses follow. Direct expenses Indirect expenses Service department expenses Salaries Depreciation $ 119,000 Rent 43,400 $ 16,800 Office $ 27,600 1. For the Ski department only, prepare a departmental income statement. 2. & 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. Departmental Income Statement For Year Ended December 31 Expenses Total expenses Ski Department Req 1 Req 2 and 3 For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Departmental Contribution to Overhead For Year Ended December 31 Ski Department Total direct expenses Departmental contribution to overhead Should the Ski department be eliminated?