In 2021, Space Technology Company modifled its model Z2 satelite to incorporate a new communication device. The company made: the following expenditures The equipment will beused on this and other research projects. Depreciation on the equipment for 2021 is $25,000 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 potent Management contends that the device simply represents an improvement of the existing communication system of the sotelite and, therefore, should be copitalized. Required: Prepare correcting entries that refiect the appropiate treatment of the expenditures. (it no entry is required for a transaction/event. select "No journal entry required" in the first account field.) Note: Enter debits before credits. Journal entry worksheet Record the correcting entry for the equipment, if any. Note: Enter debits before credits. Journal entry worksheet Record the correcting entry to record depreciation on equipment used in R\&D projects. Note: Enter debits before credits