Phoenix Compony reports the following fixed budget. It is based on an expected production and salins volume of 15,500 units. Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 162. Prepare fiexible budgets at soles volumes of 14,500 and 16,500 units. 3. The company's business conditions are improving. One poss ble result is a sales volume of 18,500 units. Prepare a shinple budgesed income statement it 18,500 units are soid Complete this question by entering your answers in the tabs below. Drepere fexibie budpets at saies volumes of 14,500 and 16,500 units. [The following information applies to the questions displayed below] Phoenix Company reports the following fixed budget. it is based on an expected production and sales volume of 15,500 units. Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14,500 and 16,500 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18.500 units. Prepare a simple budgeted income statement if 18,500 units are sold. Complete this question by entering your answers in the tabs below. The company's business conditions are improving. One possible result is a saies volume of 18,500 units. Prepare a simple budgeted income statement if 18,500 units are sold