Required information Use the following information for the Problems below. (Algo) [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. olem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 ired: Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. e company's business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple budgeted ne statement if 18,200 units are sold. The company's business conditions are improving. budgeted income statement if 18,200 units are so