Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. 1\&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold. Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount per Unit Variable costs Fixed costs Flexible Budget for: Units Sales Unit Sales of Variable The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold