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 Executive Counseling Coaching Total Revenue $66,000 $123,000 $ 189,000 Expenses: Administrative support 49,200 Transportation, etc 37,000 Equipment 14,300 Profit $ 88,500 WCC has kept good records of the following data for cost allocation purposes: Activity Providing administrative support Traveling Using equipment Cost Driver Number of clients Number of visits Computer hours Activity Level Teen Executive Counseling Coaching 7 5 110 140 700 600 Required: a. Complete the income statement using activity-based costing and WCC's three cost drivers. (Do not round intermediate calculations.) Account Total Teen Counseling S 66,000 Executive Coaching S 123,000 $ 189,000 Revenue Expenses: Administrative support Transportation, etc Equipment Profit 49,200 37,000 14,300 S 88,500 b. Recompute the income statement using direct labor-hours as the only allocation base (200 hours for teen counseling: 430 hours for executive coaching). (Do not round intermediate calculations.) Account Teen Executive Counseling Coaching S 66.000 s 123,000 $ Revenue Expenses Total 189,000 100,500 88,500 Profit S