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, 2018: Billable Hours Audit Department: Staff 41,600 6,200 Partners Tax Department: Staff 31,200 3,900 Partners Small Business Accounting Department: Staff 5,800 Partners 800 The average billing rate for staff is $135 per hour, and the average billing rate for partners is $255 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAs, for the year ending December 31, 2018 Rollins and Cohen, CPAs Professional Fees Earned Budget For the Year Ending December 31, 2048 Billable Hours Hourly Rate Total Revenue Audit Department: Staff Partners Total Tax Department: Staff Staff 5,800 Partners 800 The average billing rate for staff is $135 per hour, and the average billing rate for partners is $255 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAs, for the year ending December 31, 20Y8. Rollins and Cohen, CPAs Professional Fees Earned Budget For the Year Ending December 31, 2018 Billable Hours Hourly Rate Total Revenue Audit Department: Staff Partners Total Tax Department: Staff Partners Quo Total Small Business Accounting Department: Staff Partners Total Total professional fees earned