Gross profit 56,825 37,850 Expenses Advertising 4,985 4,270 Depreciation-Equipment 10,080 8,580 Salaries 20,200 17,600 Supplies used 2,000 1,730 Rent 7,025 6,010 Utilities 3,045 2,560 Total expenses 47,335 40,750 $ 9,490 $ (2,900) Income (loss) 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 For Year Ended December 31 Direct expenses Acoustic Electric Combined Total direct expenses Departmental contribution to overhead $ 0 0 $ 0 0 0 $ 0 Required 1 Required 2 >