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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. Required: 1. Prepare a departmental contribution to overhead report. (Use cells A7 to C18 from the given information to complete this question.) Required: 1. Prepare a departmental contribution to overhead report. (Use cells A7 to C18 from the given information to complete this question.) \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Departmental Contribution to Overhead } \\ \hline For Year Ended December 31 & Acoustic & Electric & \\ \hline Sales & & \\ \hline Cost of goods sold & & \\ \hline Gross profit \\ Direct expenses & & \\ \hline Depreciation-Equipment & & \\ \hline Salaries & & \\ \hline Supplies used & & \\ \hline Total direct expenses \\ Departmental contribution to overhead & \\ \hline \end{tabular} 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? Students: The scratchpad area is for you to do any additional work you need to solve this question or can be