Exercise 9-3 (Video) Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Auditing Quarter 1 2,600 3,300 1,850 Quarter 2 1,750 2,680 1,850 Quarter 3 2,310 2,140 1,850 Quarter 4 2,710 2,880 1,850 Tax Consulting Average hourly billing rates are auditing $81, tax $94, and consulting $101. Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. THOME AND CREDE, CPAS Service Revenue Budget Quarter 1 Billable Hours Billable Rate Quarter 2 Billable Rate Dept. Total Rev. Billable Hours Total Rev. Auditing A $ Tax Consulting Totals THOME AND CREDE, CPAs Service Revenue Budget Quarter 3 Billable Hours Billable Rate Quarter 4 Billable Hours Billable Rate Dept. Total Rev. Total Rev. Auditing Tax Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget Year Billable Rate Dept. Billable Hours Total Rev. Auditing Tax Consulting Totals