For August, Royal Consulting and Mediation Practice (RCMP) worked 900 hours for Alberta Company and 2.100 hours for Ontario Corporation. RCMP bills clients at the rate of $400 per hour, labor cost for its consulting staff is $200 per hout. The total number of hours worked in August was 3.000. and overhead costs were $60.000. Overhead is applied to clients at $24 per labor hour. In addition, RCMP had $240,000 in marketing and administrative costs. All transactions are on account. All services were billed. Transaction Description (a) Record Labor cost Record Applied Service Overhead Record Cost of services billed (d) Record Actual Service Overhead Required: 6. Show labor and overhead cost flows through T-accounts b. Prepare an income statement for the company for August Required A Required B Show labor and overhead cost flows through T-accounts Wages Payable Work-In-Process Beg bel Beg bal End balo End bal Cost of Services Billed Service Overhead Control Bog bal Beg bal End bal End ball Applied Service O.H. Beg bal End bal