For the month of July, UP Payroll Services worked 2,000 hours for Dune Motors, 600 hours for Jake's Charters, and 1,000 hours for Mission Hospital. UP bills clients at $118 an hour; Its labor costs are $46 an hour. A total of 4,000 hours were worked in July with 400 hours not billable to clents. Overhead costs of $43,500 were Incurred and were assigned to clients on the basis of direct labor-hours Because 400 hours were not billable, some overhead was not assigned to jobs. UP had $29,900 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. Complete this question by entering your answers in the tabs below. Prepare an income statement for July. (Do not round intermediate calculations.) For the month of July, UP Payroll Services worked 2,000 hours for Dune Motors, 600 hours for Jake's Charters, and 1,000 hours for Mission Hospital. UP bills clients at $118 an hour; Its labor costs are $46 an hour. A total of 4,000 hours were worked in July with 400 hours not billable to clents. Overhead costs of $43,500 were Incurred and were assigned to clients on the basis of direct labor-hours Because 400 hours were not billable, some overhead was not assigned to jobs. UP had $29,900 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. Complete this question by entering your answers in the tabs below. Prepare an income statement for July. (Do not round intermediate calculations.)