please answer clearly so i can understand.

Allocation Busters (AB) is a dispute mediation firm offering services to firms in disputes about cost allocations with government agencies. For March, AB worked 458 hours for Massive Airframes and 673 hours for Gigantic Drydocks. AB bills clients at the rate of $502 per hour, labor cost for its professional staff is $210 per hour. Overhead costs in March totaled $40,140. Overhead is applied to clients at $43 per labor-hour. In addition, AB had $198,900 in marketing and administrative costs. All transactions are on account. All services were billed 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 March. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Show labor and overhead cost flows through T-accounts. Required A Required B Show labor and overhead cost flows through T-accounts. Wages Payable Work-In-Process Beg. bal. Bog, bal (a) (b) > 237,510 237,510 286,143 (c) End, bal 237,510 48,633 0 End, bal Cost of Services Billed Service Overhead Control Beg bal. (c) 40,140 40,140 Bog. bal. (d) $ End, bal 0 End, bal. 0 Applied Service O.H. Beg bal End, bal 0 FA Required Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement for the company for March. $ 567,762 ALLOCATION BUSTERS Income Statement For the Month Ended March 31 Service revenue Cost of services billed $ 286,143 Subtract: Overapplied service overhead 8,493 Gross margin Marketing and administration Operating profit 294,636 % $ 273,126 (198,900) 74,226