Exercise 22-8 (Algo) Departmental income statement and contribution to overhead LO PS 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 $ 117,000 Rent $ 16,100 Office $ 24,800 Depreciation 42,800 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 should the Ski department be eliminated? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Ski Department 0 Expenses