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 1,935 hours to clients and worked a total of 2,040 hours. (The difference includes time for training, preparing bids, and so on, which are considered administrative costs.) QPS bills clients at the rate of $375 per hour; labor cost for its professionals averaged $205 per hour in January. Overhead costs in January totaled \$119,850. Overhead is applied to clients at $60 per labor-hour. In addition, QPS had $155,600 in marketing and administrative costs (not including the professional labor time as described). 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 January. Complete this question by entering your answers in the tabs below. Show labor and overhead cost flows through T-accounts. Complete this question by entering your answers in the tabs below. Prepare an income statement for the company for January