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[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 15,400 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. . The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted come statement if 18,400 units are sold. Prepare flexible budgets at sales volumes of 14.400 and 16.400 unire The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold