5 2 points eBook Wendy Chen established Windy City Coaching (WCC) to provide teen counseling and executive coaching services to its clients. WCC charges a $300 fee per hour for each service. The revenues and costs for the year are shown in the following income statement. WINDY CITY COACHING Income Statement Revenue Expenses: Administrative support Transportation, etc. Equipment Profit Teen Counseling Coaching $66,000 $144,000 Executive Total $210,000 49,200 35,360 25,200 $100,240 Print References WCC has kept good records of the following data for cost allocation purposes. Activity Providing administrative Cost Driver Number of Activity Level Teen Executive Counseling Coaching 7 5 support clients Traveling Using equipment Number of visits Computer hours 110 1,000 150 800 Required: a. Complete the income statement using activity-based costing and WCC's three cost drivers. b. Recompute the Income statement using direct labor-hours as the only allocation base (210 hours for teen counseling; 490 hours for executive coaching). Complete this question by entering your answers in the tabs below. Required A Complete the income statement using activity-based costing and WCC's three cost drivers. (Do not round intermediate calculations.) Account Revenue $ Expenses: Administrative support Transportation, etc Equipment Profit Teen Counseling Executive Coaching Total 66,000 $ 144,000 $ 210,000 26,836 49,200 35,360 25,200 $ 100,240 Required B Recompute the income statement using direct labor-hours as the only allocation base (210 hours for teen counseling; 490 hours for executive coaching). (Do not round intermediate calculations and round your final answers to the nearest whole dollar.) Account Revenue Expenses Profit Teen Counseling Executive Coaching Total $ 66,000 $ 144,000 $ 210,000 109,760 $ 100,240