In 2021, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures: Basic research to develop the technology Engineering design work Development of a prototype device Acquisition of equipment Testing and modification of the prototype Legal and other fees for patent application on the new communication system Legal fees for successful defense of the new patent Total $2,800,000 840,000 460,000 76,000 360,000 56,000 36,000 $4,628,000 The equipment will be used on this and other research projects. Deprec ion on the equipment for 2021 is $26,000. During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all of the above as costs of the patent Management contends that the device simply represents an improvement of the existing communication system o the satellite and, therefore, should be capitalized. Required: Prepare correcting entries that 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.) View transaction list Journal entry worksheet 1 2 3 > Record the correcting entry for R&D costs. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Dalam CADA Wowli View transaction list Journal entry worksheet Record the correcting entry for the patent. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet Record the correcting entry to record depreciation on equipment used in R&D projects. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal