commercial production of the developed product began in December. The company's fiscal year-end is December 31. All of the following 2024 expenditures were included in the R\&D expense account: A total of $205,000 of equipment was purchased solely for use in one of the projects. After the project is completed, the equipment will be abandoned. The remaining $405,000 in equipment will be used on future R\&D projects. The useful life of equipment is five years. Assume that all of the equipment was acquired at the beginning of the year. Required: Prepare journal entries, reclassifying amounts in R\&D expense, to reflect the appropriate treatment of the expenditures. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record entry to capitalize the cost of equipment to be used on future projects incorrectly charged to R\&D expense. Note: Enter debits before credits. Journal entry worksheet Record depreciation on equipment used in R\&D projects. Note: Enter debits before credits. Journal entry worksheet Record entry to capitalize filing and legal fees for patent incorrectly charged to R\&D expense. Note: Enter debits before credits. Journal entry worksheet Record the entry to reclassify the expenditures made for quality control during commercial production assuming the costs would be treated as manufacturing overhead. Note: Enter debits before credits