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Phoenix Company's 2019 master budget included the following fixed budget report It is based on an expected productio and sales volume of 15,000 units. Required: 182. Prepare flexible budgets for the company ot soles youmes of 14,000 and 16,000 units and classify all items isted in the fixed budget as vorisble or fixed. 3. The company's business conditions are improving. One possible result is a sales volume of 18.000 units. The compony president is confident that this volume is within the relevant range of existing capacity. How much would operating income increase over the budgeted amount of $525,000 if this level is reached without increasing capacity? 4. An unfavorable change in business is remotely possible; in this case, production and sales volume for the year could fall to 12,000 units. How much income (or loss) from operations would occur if sales volume falls to this level? (Enter any loss with minus sign.)