Professional Fees Earned Budget Sadie & Chipper, 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 March 31, 20Y6: Billable Hours Audit Department: Staff 26,300 Partners 3,900 Tax Department: Staff 19,500 Partners 2,400 Small Business Accounting Department: Staff 3,700 Partners 500 The average billing rate for staff is $105 per hour, and the average billing rate for partners is $225 per hour. Prepare a professional fees earned budget for Sadie & Chipper, CPAs, for the year ending March 31, 2016. SADIE & CHIPPER, CPAS Professional Fees Earned Budget For the Year Ending March 31, 20Y6 Billable Hours Hourly Rate Total Revenue Audit Department: Staff Partners Total Tax Department: Staff Partners 10 00 Total Small Business Accounting Department: Staff Partners Total Total professional fees earned