Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 \begin{tabular}{|l|l|} \hline Sales (in units) & \\ \hline Administrative salaries & \\ \hline Less: Variable cost & \\ \hline Contribution margin & \\ \hline Less: Fixed cost & $ \\ \hline Income & 0 \\ \hline \hline \end{tabular}