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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 15,100 units. Required: 1\&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgete income statement if 18,100 units are sold. Complete this question by entering your answers in the tabs below. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ PHOENIX COMPANY } \\ \hline \multicolumn{6}{|c|}{ Flexible Budgets } \\ \hline \multicolumn{6}{|c|}{ For Year Ended December 31} \\ \hline & & \multicolumn{2}{|c|}{ Flexible Budget } & \multicolumn{2}{|c|}{ Flexible Budget for: } \\ \hline & & \begin{tabular}{l} Variable Amount \\ per Unit \end{tabular} & \begin{tabular}{c} Total Fixed \\ Cost \end{tabular} & \begin{tabular}{c} Units Sales \\ of 14,100 \end{tabular} & \begin{tabular}{c} Unit Sales of \\ 16,100 \end{tabular} \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ Variable costs } \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & 0.00 & & 0 & 0 \\ \hline & & & & & \\ \hline Fixed costs & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Fixed costs & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & $ & 0 & $ & $ \\ \hline \end{tabular} Req 1 and 2 Req 3

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