HE 22 6 Saved Help Save&Exit Sutbmit Check my work 3 Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect WHOLESALE GUITARS Departmental Income Statements For Tear Ended December 31, 2017 points Acoustie Electrie eBook Hint Print Sales Cost of goods sold Gross profit Operating expenses 102,700$84,100 43,87547,150 8,82536,950 5,0254,280 10,1508,500 19,3007,400 Advertising expense Depreciation expense-equipment Salarles expense Supplies expense Rent expense Ueilities expense 2,020 1,750 70756,020 ,035 2,640 46,605 40,590 Total operating expenses Net incone (loss) 12,22O 13,640)