Required information [The following information applies to the questions displayed below.] Phoenlx Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 unlts. Prepare a simple budgeted income statement if 18,100 units are sold. Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units