Project Description: Youth Athletic Services (YAS) provides adult supervision for organized youth athletics. It has a president, William Mayes, and five employees. He and one of the other five employees manage all marketing and administrative duties. The remaining four employees work directly on operations. YAS has four service departments: managing. officiating, training. and dispute resolution. A time card is marked and records are kept to monitor the time each time card. (it is necessary to have some idle time because some direct labor-hours must be available to accommodate fluctuating peak demand periods throughout the day and the week.) Some of the July operating data are as follove: Other Data: - The four emploves working in the operating departments all make sis per hour. * The fifth emplovee, who helps manage marketing and administrative duties, earns $3. 200 per month. and William earns $3,950 per month. - Indirect overhead amounted to $1,168 and is assigned to departments based on the number of drect labarhours used Because there are idle hours, some overtiead will not be assigned to a department. - In addition to salaries paid, marketing costs for items, such as advertising and specialipromotions totaled $790 - In addition to salaries paid, other administrative costs were $320. -. All revenue transactons ate cash, all others are on account. - No inventories are kept. 2) Prepare an income statement for July that shows the revenue and cost of services for each department. Submit your work with calculations to Project 2 in Moodle