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The Ski department reports sales of $620,000 and cost of goods sold of $434,000. Its expenses follow. 1. For the Ski department only, prepare a departmental income statement. 2. \& 3. For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated? Complete this question by entering your answers in the tabs below. For the Ski department only, prepare a departmental income statement. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Departmental Income Statement } \\ \hline For Year Ended December 31 & Ski Department \\ \hline & \\ \hline & \\ \hline Gross profit & \\ \hline Expenses & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total expenses & \\ \hline Income (loss) & \\ \hline \end{tabular} Req 1 Req 2 and 3 For the Ski department only, prepare a departmental contribution to overhead report. Based on these two reports, should the Ski department be eliminated