In 2018, Starsearch Corporation began work on three research and development projects. One of the projects was completed and commercial production of the developed product began in December. The company's fiscal year-end is December 31. All of the following 2018 expenditures were included in the R&D expense account: $ 460,000 320,000 36,000 Salaries and wages for: Lab research Design and construction of preproduction prototype Quality control during commercial production Materials and supplies consumed for: Lab research Construction of preproduction prototype Purchase of equipment Patent filing and legal fees for completed project Payments to others for research Total 76,000 46,000 760,000 56,000 200,000 $1,954,000 $280,000 of equipment was purchased solely for use in one of the projects. After the project is completed, the equipment will be abandoned. The remaining $480,000 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 Record entry to capitalize the cost of equipment to be used on future projects incorrectly charged to R&D expense. 2 Record depreciation on equipment used in R&D projects. 3 Record entry to capitalize filing and legal fees for patent incorrectly charged to R&D expense. 4 Record the entry to reclassify the expenditures made for quality control during commercial production assuming the costs would be treated as manufacturing overhead