Required information Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 The company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare budgeted income statement if 18,200 units are sold. PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18,200 0 < Req 1 and 2 Req 3 Required information Variable costs Fixed costs Flexible Budget Variable Amount per Unit Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,200 16,200 0.00 0 0 $ 0 $ 0 $ 0 ! Required information [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 15,200 units. Sales Costs PHOENIX COMPANY Fixed Budget For Year Ended December 31 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income $ 3,192,000 1,003,200 228,000 60,800 300,000 195,000 228,000 246,000 581,400 190,000 $ 159,600 Required: 1&2. Prepare flexible budgets at 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