[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. Tequired: \&2. Prepare flexible budgets at sales volumes of 14,400 and 16,400 units. The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted heome statement if 18,400 units are sold. PHOENIX COMPANY Flexible Budgets For Year Ended Docember 31 The company's business conditions are improving. One possible result is a sales volume of 18,400 units. Prepare a simple budgeted income statement if 18,400 units are sold