Flanagan Company prepared the following budgeted income statement for 2025 : (Click the icon to view the budgeted income statement.) Read the requirements. Data table Requirement 1. Prepare a budgeted income statement with columns for 800 units, 1,400 units, and 1,600 units Requirement 2. How might managers use this type of budgeted income statement? The budgeted income statement prepared in Requirement 1 is a budget. It allows Flanagan's managers to plan for sales level(s). Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more to conduct and prepare a company's If managers have a better understanding of how changes in sales volume and costs are likely to affect , they can if key assumptions turn out to be wrong