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 15,500 units. equired: 2. Prepare flexible budgets at sales volumes of 14,500 and 16,500 units. The company's business conditions are improving. One possible result is a sales volume of 18,500 units. Prepare a simple budgeted come statement if 18,500 units are sold. Prepare flexible budnets at sales volumes of 14.500 and 16.500 units. Req 1 and 2 Req 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