Queenston Professional Support $($QPS$)$ provides professional services $($IT$,$ payroll and billing, and so on$)$ to firms requiring temporary help in those areas. QPS bills clients for its various services based on the hours its professionals spend. In January, QPS professionals billed $1,925$ hours to clients and worked a total of $2,020$ hours. $($The difference includes time for training, preparing bids, and so on$,$ which are considered administrative costs.$)$ QPS bills clients at the rate of $$365$ per hour; labor cost for its professionals averaged $$195$ per hour in January. Overhead costs in January totaled $$119,150.$ Overhead is applied to clients at $$60$ per labor$-$hour. In addition, QPS had $$155,500$ in marketing and administrative costs $($not including the professional labor time as described$).$ All transactions are on account. All services were billed.

$\backslash$table$[[$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 January.

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Show labor and overhead cost flows through T$-$accounts.