Required information (The following information applies to the questions displayed below) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,500,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sold Direct materials birect labor Machinery repairs (variable cost) Depreciation Plant equipment (straight-line) Utilities (545,000.15 variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sale Salary(fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Ince from operations $ 975,000 225,000 45.000 300,000 195.000 200,000 1,940,000 1,360,000 90.000 90.000 215 415,000 125.000 230,000 90.00 445,000 $ 500,000 A. An unfavorable change in business is remotely possible in this case, production and sales volume for the year could fall to 12,000 units How much come for loss) from operations would occur if sales volume folis to this level? (Enter any loss with minus sign.) PHOENIX COMPANY Forecasted Contribution Margin Income Statem For Year Ended December 31, 2015 Sale in un 15,000 Coton margin (per unit) Contribution margin bed costs pering income (ons) 12.000