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 15,100 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 bi 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}{l|l|} \hline \\ \hline Total variable costs \\ \hline Contribution margin \\ \hline Fixed costs \\ \hline Depreciation-Machinery \\ \hline Supervisory salaries \\ \hline Sales staff salaries \\ \hline Administrative salaries \\ \hline Depreciation-Office equipment \\ \hline Total fixed costs \\ \hline Gross profit \\ \hline \end{tabular} (4) Reg and 2 Req3> 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 budgeted income statement if 18,100 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 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold