Use the following information for the Problems below. (Algo) [The foviowing information applies to the questions dispityed below] Phoenix Compsty reports the following fowed budget. it is based on an expected production and saies volume of 15 soo units, Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Requlred: 152. Prepare flexible budgets at sales volumes of t4.000 and 16.000 units. 3. The compliy's business conditions are improving. One poisible result is a sales volume of ti:000 units. Prepare a simple buegited income statemens it 18,000 units are sold. Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 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 15,000 units. Problem 8-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. 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. Complete this question by entering your answers in the tabs below. 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