please solve this in 15minutes

Which of the options below are the step involve in undertaking budgeting control? 1. Establishing a plan or target performance. 11. Recording the actual performance. Ill. Comparing the actual with budgeted figures to find variances. IV. Evaluate cash budget for considering investment in the marketplace. Select one: O A . II and IV. B. I and IV. O C . I, II and III. O Ill and IV. Which of the following statements related to income is CORRECT? Select one: A. Income increases the owner's equity and has a normal debit balance. O B. Income increases the owner's equity and has a normal credit balance. C. Income decreases the owner's equity and has a normal credit balance. O D. Income decreases the owner's equity and has a normal debit balance