Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,213,000 Costs Direct materials 979,200 Direct labor 229,500 Sales staff commissions 61,200 DepreciationMachinery 300,000 Supervisory salaries 198,000 Shipping 229,500 Sales staff salaries (fixed annual amount) 250,000 Administrative salaries 609,950 DepreciationOffice equipment 195,000 Income $ 160,650 rev: 10_23_2021_QC_CS-283191 Required: 1&2. Prepare flexible budgets at sales volumes of 14,300 and 16,300 units. 3. The companys business conditions are improving. One possible result is a sales volume of 18,300 units. Prepare a simple budgeted income statement if 18,300 units are sold.