Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200 units. Required: 182. Prepare flexible budgets ot sales volumes of 14,200 and 16,200 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple budgeted income statement if 18,200 units are sold. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units