Professional Fees Earned Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2017: Billable Hours Audit Department: Staft 40,700 6,100 Partners Tax Department: Staff 30,100 Partners 3,800 Small Business Accounting Department: Staff 5,300 Partners 700 The average billing rate for staff is $140 per hour, and the average billing rate for partners is $260 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAS, for the year ending December 31, 2017. ROLLINS AND COHEN, CPAS , Professional Fees Earned Budget For the Year Ending December 31, 2017 Billable Hourly Total Hours Rate Revenue Audit Department: Staff Partners Total Tax Department: Staff Partners III III III Total Small Business Accounting Department: Staff Partners Total Total professional fees earned