Flanagan Company prepared the following budgeted income statement for 2025 (Click the icon to view the buiggeted income stalement) Read the reguimements Data table 1. Prepare a budgeled income statement weh colurnns for 400 units, 1.200 inits and 1,400 units sold 2. How might managers use this type of budgeted income statement? 3. How might spreadsheet soltware such as Excel assist in thil type of analyais? Requirement 1. Prepare a budgeted income statement with columns for 400 units, 1,200 units, and 1,400 units sold 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