[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. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,192,000 Costs Direct materials 988,000 Direct labor 228,000 Sales staff commissions 60,800 DepreciationMachinery 300,000 Supervisory salaries 203,000 Shipping 243,200 Sales staff salaries (fixed annual amount) 246,000 Administrative salaries 573,400 DepreciationOffice equipment 190,000 Income $ 159,600 rev: 10_23_2021_QC_CS-283191 Required: 1&2. Prepare flexible budgets at sales volumes of 14,200 and 16,200 units. 3. The companys business conditions are improving. One possible result is a sales volume of 18,200 units. Prepare a simple budgeted income statement if 18,200 units are sold.