Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 1\&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ PHOENIX COMPANY } \\ \hline \multicolumn{2}{|c|}{ Budgeted Income Statement } \\ \hline For Year Ended December 31 \\ \hline Sales (in units) & \\ \hline & \\ \hline & \\ \hline \end{tabular} Req 1 and 2