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Required information [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The company's business conditions are improving. One posslble result is a sales volume of 18,300 units. Prepare a simple bud income statement if 18,300 units are sold. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. The company's business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold. Required information Prepare flexible budgets at sales volumes of 14,300 and 16,300 units