Wendy Chen established Windy City Coaching (WCC) to provide teen counseling and executive coaching services to its clients. WCC charges a $300 fee per hour for each service. The revenues and costs for the year are shown in the following income statement. WINDY CITY COACHING Income Statement Teen Counseling $69,000 Executive Coaching $144,000 Total $213,000 Revenue Expenses: Administrative support Transportation, etc Equipment Profit 47,300 38,809 18, 2ee $189,500 WCC has kept good records of the following data for cost allocation purposes. Activity Level Teen Executive Counseling Coaching Activity Providing administrative support Traveling Using equipment Cost Driver Number of clients Number of visits Computer hours 110 9ee 140 See Required: a. Complete the income statement using activity-based costing and WCC's three cost drivers. b. Recompute the income statement using direct labor-hours as the only allocation base (230 hours for teen counseling: 480 hours for executive coaching). Complete this question by entering your answers in the tabs below. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Complete the income statement using activity-based costing and WCC's three cost drivers. (Do not round intermediate calculations.) Account Teen Counseling $ 69,000 Executive Coaching $ 144,000 Total 213,000 S 28,380 X Revenue Expenses: Administrative support Transportation, etc Equipment Profit 47.300 38,000 18,200 109,500 $ * Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Recompute the income statement using direct labor-hours as the only allocation base (230 hours for teen counseling: 480 hours for executive coaching). (Do not round intermediate calculations and round your final answers to the nearest whole dollar. Teen Counseling 69,000 Executive Coaching S 144,000 s S Account Revenue Expenses Profit Total 213,000 103,500 109,500 $