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. PHOENIX COMPANY Flexible Budgets For Year Ended December 31 \begin{tabular}{|l|c|c|c|c|c|} \hline & \multicolumn{2}{c|}{ Flexible Budget } & \multicolumn{2}{c|}{ Flexible Budget for: } \\ \hline & VariableAmountperUnit & TotalFixedCost & UnitsSalesof14,000 & UnitSalesof16,000 \\ \hline Sales & & & & & \\ \hline Variable costs & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} Required Information [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. 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