Need Cash Budget section, Budgeted Income Statement, Beginning Balance Sheet, and Balance Sheet Ublem v4 Rand Co., a new startup business, is preparing budgets for the first budgeted sales of the company's only product for the next five months Daring budgets for the first quarter 2020 ending March 31. January February March April 8,300 units 5,300 units 6,200 units 4,100 units 5,100 units May The selling price is $82 per unit. Dr. CASH BUDGET 1. A line of credit is available at a local bank. a. All borrowing occurs at the beginning of the month, and all repayments occur at the end of the month. Borrowing occurs in increments of $1,000. b. Any interest incurred during the first quarter will be paid at the end of the quarter. The interest rate is 19% per year. Rand Co., a new startup business, desires a cash balance of at least $30,000 at the end of each month. The cash balance at the beginning of January was $18,000. 3. Cash dividends of $14,000 are to be paid to stockholders in February. Equipment purchases of $85,000 are scheduled for January and $314,000 for February. This equipment will be installed and tested during the first quarter and will not become operational until April, when depreciation charges will commence. Additional Information: The following balances exist on January 1: Land $300,000 Equipment $162,000 Common Stock $480,000 Please number and label each part of the master budget