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Required informetion [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 15,000 units. quired: 2. Prepare flexible budgels at sales volumes of 14,000 and 16,000 units. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted ome statement if 18,000 units are sold. Required: 182. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18.000 units. Prepare a simple budgeted income statement if 18,000 units are sold. 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 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold