Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Sales Costs PHOENIX COMPANY Fixed Budget For Year Ended December 31 $ 3,171,000 Direct materials Direct labor 996,600 241,600 Sales staff commissions 45,300 Depreciation-Machinery 305,000 Supervisory salaries 196,000 Shipping 211,400 Sales staff salaries (fixed annual amount) Administrative salaries 248,000 569,550 Depreciation-Office equipment 199,000 Income $158,550 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.