Master Budget Case: CamDrone As part of the continued advancement of technology, a drone camera market has emerged in recent years. The drone camera market has been growing as more photography enthusiasts have begun adopted this high$-$tech approach to capturing still images and video using remotely controlled devices. Eager to capture a share of this growing market, CamDrone entered the market in early $2018.$ CamDrone manufactures camera drones, selling primarily to retailers. CamDrone is pleased with its financial performance over its first few years of operations, optimistic to achieve continued financial success. For planning and control purposes the company utilizes a monthly master budget, which is usually developed at least three months in advance of the budget year. The company has a fiscal year ending December $31.$ It is now Sept $15,2019.$ You have been asked to prepare the Master Budget for the year ending December $31,2020.$ Based on your discussions with the various departments throughout the company, you have collected the following relevant information for preparing the budget: Sales The marketing department is forecasting the following annual sales: For the year ended December $31,2019$: $9,000$ units at $$1,000$ each$*$ For the year ended December $31,2020$:$10,000$ units at $$1,000$ each For the year ended December $31,2021$:$15,000$ units at $$1,000$ each $*$Expected sales for the year ended December $31,2019$ were based on actual sales