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For August, Royal Consulting and Mediation Practice (RCMP) worked 950 hours for Alberta Company and 2,150 hours for Ontario Corporation. RCMP bills clients at the rate of $460 per hour; labor cost for its consulting staff is $260 per hour. The total number of hours worked in August was 3,100, and overhead costs were $66,000. Overhead is applied to clients at $28 per labor-hour. In addition, RCMP had $270,000 in marketing and administrative costs. All transactions are on account. All services were billed. Transaction Description (a) Record Labor cost (b) Record Applied Service Overhead (C) Record Cost of services billed (d) Record Actual Service Overhead 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. Required A Required B Show labor and overhead cost flows through T-accounts. Wages Payable Work-In-Process Beg. bal. Beg. bal. End. bal. 0 End. bal. Cost of Services Billed Service Overhead Control Beg. bal. Beg. bal. End. bal. 0 End, bal. 0 Applied Service O.H. Beg. bal. End. bal. 0 Required A Required B > 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. Required A Required B Prepare an income statement for the company for August. ROYAL CONSULTING AND MEDIATION PRACTICE Income Statement For the Month Ended August 31 Marketing and administration Cost of goods sold Add: Overapplied service overhead Gross margin Cost of services billed Operating profit