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 15,400 units. Sales Costs PHOENIX COMPANY Fixed Budget For Year Ended December 31 $ 3,234,000 Direct materials Direct labor Sales staff commissions 1,001,000 215,600 61,600 Depreciation-Machinery 300,000 Supervisory salaries 196,000 Shipping 231,000 Sales staff salaries (fixed annual amount) Administrative salaries 254,000 614,100. Depreciation-office equipment 199,000 Income $161,700 Required: 1&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgete income statement if 18,400 units are sold. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,400 and 16,400 units.