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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. Departmentalincome Statements For Year Ended December 31 Sales Cost of goods sold Gross profit Expenses Advertising DepreciationEquipment Sala ries Supplies used Rent Utilities Total expenses Income (loss) Acoustic Elect ric $ 83,200 $ 103,200 44,375 58,825 10,120 19,900 47,175 $ 11,650 5,035 2,030 7,075 3,015 47,050 36,150 4,300 8,560 17 , 400 1, 780 6,030 2,580 40,650 500) 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 2 Required 1 Prepare a departmental contribution to overhead report. Departmental Contribution to Overhead For Year Ended December 31 Gross profit Direct expenses Total direct expenses Departmental contribution to overhead Acoustic Electric Combined