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 15,000 units. Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 18.2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units, Prepar a simple budgeted income statement if 18,000 units are sold. Answer is not complete. Complete this question by entering your answers in the tabs below. Pranare flevihle hutinete at ealec unlimes of 14Ann and 16An iunite Dransra An.iLl L L.W Problem 8-1A (Algo) Preparing and analyzing a flexible budget LOP1 Required: 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. Answer is not complete. Complete this question by entering your answers in the tabs below. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simpl budgeted income statement if 18,000 units are sold