Exercise 24-8 (Algo) Departmental income statement and contribution to overhead LO P3 The 5ki department reports sales of $615,000 and cost of goods sold of $430,500. Its expenses follow 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 departiment be eliminated? Complete this question by entering your answers in the tabs below. For the Ski department only, prepare a departmental income statement. Complete this question by entering your answers in the tabs below. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reparts, shauld the Ski department be eliminated