2.2 Hay and List is a firm of accountants. Between them, the two partners work 2,800 hours total per annum. The current charge out rate is $200 per hour. The firm's billable hours (2,800 hours) is currently 10% of the total market share. Next year the charge out rate will increase by 10%. Further, the firm's market share is expected to grow to 15% of the total market. Prepare a fee income budget for the year. Use the layout below to show your workings. Fee Income Budget Size of current total billable accounting market = hours. Predicted hours for next year = % of total market X hours. hours = New charge out rate = X per hour. Budgeted fees income hours at $ per hour = $