During $2023,$ Carla Vista Enterprises Ltd$.,$ a private entity, incurred $$4\mathrm{.}5$ million in costs to develop a new software pr Dover. Of this amount, $$1\mathrm{.}7$ million was spent before the company determined that the product was technologically ar feasible. Dover was completed by December $31,2023,$ and will be marketed to third parties. Carla Vista expects a usef for this product, with total revenues of $$12$ million. During $2024,$ Carla Vista realized revenues of $$2\mathrm{.}4$ million from sal

Assuming Carla Vista reports under ASPE, prepare the journal entries that are required in $2023$ to record the above. account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "I the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record costs spent before establishing the product$)$

$$

$($To record costs to develop the new software product$)$