For August, Royal Consulting and Mediation Practice (RCMP) worked 1,100 hours for Alberta Company and 2,300 hours for Ontario Corporation. RCMP bills clients at the rate of $490 per hour; labor cost for its consulting staff is $290 per hour. The total number of hours worked in August was 3,400, and overhead costs were $69,000. Overhead is applied to clients at $26 per labor-hour. In addition, RCMP had $285,000 in marketing and administrative costs. All transactions are on account. All services were billed. 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