In October, Temptations Event Planners (TEP) planned events for two citents. TEP worked 168 hours for Ward Corporation and 268 hours for Girardin industries. TEP bills clients at the rate of $490 per hour, labor cost for its planning staff Is $280 per hour The total number of hours worked in October was 436 . and overhead costs were $17,000. Overhead is applied to clients at $32 per plannerhour. in addilon. TEP had $34,000 in marketing and administrattve costs. Aill transactions are on account All services were billed. Required: o. Show labor and overhead cost fiows through T-accounts. b. Prepare an income statement for the company for October. Complete this question by entering your answers in the tabs below