Early in the year 2016, the Adonis Software Company began developing a new software package to be marketed. The software was available for general release to customers in December of 2016. The costs incurred prior to December were $10 million. Of this amount, $6 million was spent before technological feasibility was established. Adonis expects a useful life of three years for the new product with total revenues of $20 million. During 2017, revenue of $5 million was recognized. Required: Prepare a journal entry to record the 2016 development costs. Calculate the required amortization for 2017. At what amount should the computer software costs be reported in the December 31, 2017 balance sheet