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 $60,000 Executive Coaching $129, eee Total $189, eee Revenue Expenses: Administrative support Transportation, etc Equipment Profit 43,eee 37,440 18,200 $ 90,360 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 12e 140 see 600 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 200 hours for teen counseling: 430 hours for executive coaching). 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 $ 60,000 Executive Coaching $ 129,000 Total 189,000 $ Revenue Expenses: Administrative support Transportation, etc Equipment Profit 43,000 37,440 18,200 90,360 $ Required B > 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 (200 hours for teen counseling; 430 hours for executive coaching). (Do not round intermediate calculations and round your final answers to the nearest whole dollar.) Account Teen Counseling $ 60,000 Executive Coaching $ 129,000 $ Revenue Expenses Profit Total 189,000 98,640 90.360 $