+ Argenta, Inc. is preparing its master budget for the first quarter ending March 31. The following forecasted data relate to the first quarter: Unit sales: January 40,000 February March.... Unit sales price.... 55,000 50,000 $25 Cost of goods sold per unit $13 Expenses: Commissions. Rent Advertising Office salaries Depreciation Interest. Tax rate......... 10% of sales $20,000/month 15% of sales $75,000/month $50,000/month 15% annually on a $250,000 note payable 40% Prepare a budgeted income statement for the first quarter.