Please answer both A & B

11 Allocation Busters (AB) is a dispute mediation firm offering services to firms in disputes about cost allocations with government agencies. For March. AB worked 460 hours for Massive Airframes and 674 hours for Gigantic Drydocks. AB bills clients at the rate of $505 per hour labor cost for its professional staff is $210 per hour Overhead casts in March totaled $40.860. Overhead is applied to clients at $44 per labor-hour. In addition AB had $198.600 in marketing and administrative costs. All transactions are on account. All services were billed 8 Dons (5 Transaction Description Record Labor cost (6) acord. Aplied Service Overhead (c) Record Cost of services billed Record Actual Service Overhead Required: a. Show labor and overhead cost flows through T accounts b. Prepare an income statement for the company for March Complete this question by entering your answers in the tabs below. Required A Recured Show labor and overhead cost flows through accounts Wages Payable Work In Prooms Bog bol og bal End bal 0 End bal Cost of Services Billed Service Ovedad Control Detal og tal End bal End bal Applied Service OH og bar End bal Required > Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement for the company for March. ALLOCATION BUSTERS Income Statement For the Month Ended March 31