Sadie & Chipper, 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 ..................................25,000

Partners .............................5,000

Tax Department:

Staff ..................................37,500

Partners .............................8,000

Small Business Accounting Department:

Staff ..................................10,000

Partners ............................2,000

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 Sadie & Chipper, CPAs, for the year ending March 31, 20Y6, using the following column headings and showing the estimated professional fees by type of service rendered:

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Billable Hours Hourly Rate Total Revenue