In 2018, Starsearch Corporation began work on three research and development projects One of the projects was completed and ommercial groduction of the developed product began in December The company's fiscai yoar end is December 31. All of the following 2018 expenditures were included in the R&D expense account 10 points Salaries and vages for Lab research Design and construction of preproduction prototype Quality control during commercial production 33,8 198,000 23,000 Naterials and supplies consuned for Lab research Construction of preproduction pretotype Purchase of equipment Patent filing and legal fees for completed project Paymonts to others for research 63,eee 33,000 630,890 43,480 Prient Total $1,447,000 Refeences $215,000 of equipment was purchased solely for use in one of the projects. After the project is completed the equipment wii be abandoned The cemaining $415,000 in equipment will be used on future R&D projects The usetuf life of equipment is five years Assume that ali of the equipment wes ocquired at the beginning of the year Required: Prepere journel entries, reclassifying amounts in R&D expense, to reflect the appropriate treatment of the expenditures (if no entry is required for e trensectlon/event, select "No journel entry required" in the first account field.) Journal entry worksheet Record entry to capitalize the cost of equipment to be used on future pr noorrectly charged to RAD expense