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 410,000 27e, cee 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 71,00 41.ee 71e, Bee 51,000 175, Bee $1,759, Bee $255.000 of equipment was purchased solely for use in one of the projects. After the project is completed the equipment will be abandoned. The remaining $455,000 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.)