Accounting for Software Development Costs During 2020. PC Software Inc developed a new personal computer database management software package. Total expenditures on the project were 54,800,000, of which 40% occurred after the technological feasibility of the product had been established. The product was completed and offered for sale on January 1, 2027 During 2021, revenues from sales or the product totaled $7,680,000. The package is expected to be successfully marketable for five years, and the total revenues over the life of the product are estimated to be $32,000,000 Required a. Prepare the journal entry to account for the development of this product in 2020. Account Name Dr. Cr. b. Prepare the journal entry to record the amortization of capitalized computer software development costs in 2021, Account Name Dr. c. What disclosures are required in the December 31, 2021, financial statements regarding computer software costs? Enter the missing items from the follow note disclosure Al December 31, 2021, the unamortized software intangible asset totalss This is equal to s originally capitalized less amortization in 2021 of The amount charged to expense as amortization of software intangible asset in 2021 was $ The estimated net realizable value of computer software is greater than the remaining unamortized software intangible asset d. Suppose this product were developed for ipternal use. How would your answers to a c) and to change