August, FEC worked 694 hours for Grace Corporation and 424 hovising executives on improving productivity and leadership. For $445 per hour. Overhead costs in August totaled $74.900. Oils clients at the rate of $770 per hour, labor cost for its professional staff is $180,100 in marketing and administrative costs. $74,900. Overhead is applied to clients at $65 per labor-hour. In addition. FEC had Required: a. Show labor and overhead cost flows through T-accounts. b. Prepare an income statement for the company for August. Complete this question by entering your answers in the tabs below. Show labor and overhead cost flows through T-accounts. Snow labor and overnead cost nows througn F=accounts. Prepare an income statement for the company for August