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Below are departmental income statements for a guitar manufacturer. The company classifies advertising, rent, and utilities as indirect expenses. The manufacturer is considering eliminating its Electric Guitar department because it shows a loss. Departmental Income Statements For Year Ended December 31 Sales Acoustic $ 101,700 45,275 56,425 Electric $ 84,500 47,450 Cost of goods sold Gross profit 37,050 Expenses Advertising 5,005 4,330 Depreciation-Equipment Salaries 10,100 8,560 20,100 17,300 Supplies used Rent 2,010 1,750 7,025 6,030 Utilities 3,005 2,580 Total expenses 47,245 40,550 Income (loss) $9,180 $ (3,500) 1. Prepare a departmental contribution to overhead report. 2. Based on contribution to overhead, should the electric guitar department be eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead Acoustic Combined For Year Ended December 31 Electric 4 this question by entering your answers in the tabs below. Combined Required 1 Required 2 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Acoustic Direct expenses Total direct expenses Departmental contribution to overhead $ 0 0 $ Required t Electric 0 0 $ 0 0 Required 2 > 05 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated?