In 2021, 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 2021 expenditures were included in the R&D expense account: 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 $340,000 200,000 24,000 64,000 34,000 640,000 44,000 140,000 $1,486,000 $220,000 of equipment was purchased solely for use in one of the projects. After the project is completed, the equipment will be abandoned. The remaining $420,000 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. Record entry to capitalize the cost of equipment to be used on future projects incorrectly charged to R&D expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record depreciation on equipment used in R&D projects. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry to capitalize filing and legal fees for patent incorrectly charged to R&D expense. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record the entry to reclassify the expenditures made for quality control during commercial production assuming the costs would be treated as manufacturing overhead. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit