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 Partners Tax Department: Staff Partners 25,000 5,000 37,500 8,000 Small Business Accounting Department: Staff Partners 10,000 2,000 The average billing rate for staff is $180 per hour, and the average billing rate for partners is $400 per hour. Prepare a professional fees earned budget for Sadie & Chipper, CPAs, for the year ending March 31, 20Y6, using the following column headings and showing the estimated professional fees by type of service rendered: Billable Hours Hourly Rate Total Revenue ANSWER Check Figure: Total professional fees earned, $19,050,000