In October, Temptations Event Planners (TEP) planned events for two cllents. TEP worked 142 hours for Ward Corporation and 242 hours for Girardin Industres. TEP bills clients at the rate or $360 per hour, labor cost for ins planning staff is $150 per hour. The total number of hours worked in October was 384, and overhead costs were $15,700. Overthead is applied to clients at $32 per plannerhout, in addition, TEP had $27,500 in marketing and administrative costs. All transactions are on account. All services were billed. Requlred: a. Show labor and overhead cost fiows through T-accounts. b. Prepare an Income statement for the compony for October. Complete this question by entering your answers in the tabs below. Show labor and overhead cont flows through T-accounts. In October, Temptations Event Planners (TEP) planned events for two clients. TEP worked 142 hours for Ward Corporation and 242 hours for Girardin Industrles. TEP bills clients at the rate of $360 per hour, labor cost for Its planning staff is $150 per hour. The total number of hours worked in October was 384, and overhead costs were $15,700. Overhead is applied to clients at $32 per plannerhour, In adidtion, TEP had $27,500 in markeung 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 October. Complete this question by entering your answers in the tabs below. Prepare an income statement for the company for October