The Ski department reports sales of $625,000 and cost of goods sold of $437,500. 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?

The Ski department reports sales of $625,000 and cost of goods sold of $437,500. Its expenses follow. Direct expenses Indirect expenses Service department expenses $ 16,200 Office $ 29,800 Salaries Depreciation $ 116,000 Rent 49, 400 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. Req 1 Req 2 and 3 For the Ski department only, prepare a departmental income statement. Departmental Income Statement For Year Ended December 31 Ski Department 0 Gross profit Expenses Total expenses Income (loss) $ 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? Departmental Contribution to Overhead For Year Ended December 31 Ski Department Gross profit 0 Direct expenses Total direct expenses Departmental contribution to overhead $ Should the Ski department be eliminated? OneD