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 15.400 units. Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14.400 and 16,400 unts. 3. The company's business conditions are improving. One possible result is a sales volurne of 18,400 units. Prepare a simple budgeted Income statement if 18,400 units are sold. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 \begin{tabular}{|l|l|l|} \hline Sales (in units) & & 18,400 \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & $ & \\ \hline & & \\ \hline \end{tabular}