Fоrrest Pаinting Service hаs budgeted the fоllоwing time-аnd-material for 2022: Forrest budgets 4,000 hours of paint time in 2022 and will charge a profit of $12 per hour, in addition to a 25% markup on the cost of paint. On February 15, 2022, Forrest is asked to prepare a price estimate to paint a building. Forrest estimates that this job will take 12 labour hours and $600 in paint. Instructions a) Calculate the labour rate for 2022. b) Calculate the material loading charge rate for 2022. c) Prepare a time-and-materials price estimate for painting the building.