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, 20Y7: Audit Department: Staff Partners Tax Department: Staff Partners Small Business Accounting Department: Staff Partners Billable Hours 44,400 6,700 32,400 4,100 5,300 700 The average billing rate for staff is $145 per hour, and the average billing rate for partners is $265 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 Audit Department: Staff Partners Total Tax Department: Staff Partners Total Small Business Accounting Department: Staff Partners Total Total professional fees earned Billable Hours Hourly Rate Total Revenue