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 $183,100 $84,400 Cost of goods sold 44, 175 47,250 Gross profit 58,925 37, 150 Operating expenses Advertising expense 5,065 4,340 Depreciation expense-Equipment 10,850 8,520 Salaries expense 19,700 17,600 Supplies expense 1,970 1,720 Rent expense 7,655 6,020 Utilities expense 3,035 2,560 Total operating expenses 46,875 40,760 Net incone (toss) $ 12,050 513,610) 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? Required 1 Required 2 Prepare a departmental contribution report that shows each department's contribution to overhead. WHOLESALE GUITARS Income Statement Showing Departmental Contribution to Overhead For Year Ended December 31, 2019 Acoustic Dept. Electric Dept. Combined Direct expenses Total direct expenses 0 0 0 Departmental contributions to overhead $ $ 0 $ 0 $ 0 Indirect expenses Total Indirect expenses 0 0 Red Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution to overhead, should the electric guitar department be eliminated? Based on contribution to overhead, should the electric guitar department be eliminated?