Day & Spieth, 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 ............................................ 50,000

Partners......................................... 10,000

Tax Department

Staff ............................................ 75,000

Partners......................................... 16,000

Small Business Accounting Department:

Staff ........................................... 20,000

Partners .......................................... 4,000

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 Day & Spieth, 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