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: Staff 30,300 Partners 4,500 Tax Department: Staff 22,100 Partners 2,800 Small Business Accounting Department: Staff 3,600 Partners 500 The average billing rate for staff is $150 per hour, and the average billing rate for partners is $270 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 Total Small Business Accounting Department: Staff QOQ DUO Partners Total Total professional fees earned