need help with this

just requirment 1

Exercise 22-7 Departmental contribution report LO P3 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 Year Ended December 31, 2019 Acoustic Electric Sales $102,600 $84,000 Cost of goods sold 45,57546,950 Gross profit 57,025 37,050 Operating expenses Advertising expense 5,865 4,290 Depreciation expense-Equipment 10.070 8,580 Salaries expense 20,000 17,800 Supplies expense 1,948 1,730 Rent expense 7.035 5,980 Utilities expense 2,985 2,590 Total operating expenses 47,099 40,970 w Net Income (los) $ 9,930 $(3.920 1. Prepare a departmental contribution report that shows each department's contribution to overhead. 2 Based on contribution to overhead should the electric guitar department be eliminated come Statement showing Department For Year Ended Ducombor 31, 2019 Acoustic Dept. Electric Depi Combined Direct expenses 0 0 0 $ 0 $ 0 $ 0 Total direct expenses Departmental contributions to overhead Indirect expenses 0 Total indirect expenses $ 0