Exercise 24-8 (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 52,600 Rent $16,100 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 Ski Department Gross profit Expenses 0