| + T-21011-12-Principles of MCh 22 HW G Marinette Company makes seve- C https:/ewconnect Ch 22 HW Save & Ex Help Saved Checl 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 Departmentel Income Statenents For Year Ended December 31, 2017 points Acoustic Electric $112,500 $185,500 Sales Cost of goods sold Gross profit Operating expenses (4,75- -ss,675 6,825 38,750 8,075 6,25 10,150 Advertising expense Depreciation expense-Equipment Salarles expense Supplies expense Rent expense Utilities expense 9,000 17,300 13,500 1,700 ,950 42155 2,030 6,105 Total operating expenses Net incone (loss) $ 10,120200) 1. Prepare a departmental contribution report that shows each department's contribution to overthead WHOLE SALE GUITARS For Year Ended December 31, 2017 Acoustic Dept. Electric Next > 10,9