For the month of July, UP Payroll Services worked 1,500 hours for Dune Motors, 450 hours for Jakes Charters, and 750 hours for Mission Hospital. UP bills clients at $122 an hour; its labor costs are $45 an hour. A total of 3,000 hours were worked in July with 300 hours not billable to clients. Overhead costs of $32,000 were incurred and were assigned to clients on the basis of direct labor-hours. Because 300 hours were not billable, some overhead was not assigned to jobs. UP had $30,300 in marketing and administrative costs. All transactions were on account.

Required:

a. What are the revenue and cost per client?

b. Prepare an income statement for July.