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:

		Billable Hours
Audit Department:
	Staff	33,000
	Partners	5,000
Tax Department:
	Staff	24,400
	Partners	3,100
Small Business Accounting Department:
	Staff	4,000
	Partners	600

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 Rollins and Cohen, CPAs, for the year ending December 31, 20Y7.

ROLLINS AND COHEN, CPAs
Professional Fees Earned Budget
For the Year Ending December 31, 20Y7
	Billable Hours	Hourly Rate	Total Revenue
Audit Department:
Staff		$	$
Partners
Total			$
Tax Department:
Staff		$	$
Partners
Total			$
Small Business Accounting Department:
Staff		$	$
Partners
Total			$
Total professional fees earned			$