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	$	330,000
Design and construction of preproduction prototype		190,000
Quality control during commercial production		23,000
Materials and supplies consumed for:
Lab research		63,000
Construction of preproduction prototype		33,000
Purchase of equipment		630,000
Patent filing and legal fees for completed project		43,000
Payments to others for research		135,000
Total	$	1,447,000

$215,000 of equipment was purchased solely for use in one of the projects. After the project is completed, the equipment will be abandoned. The remaining $415,000 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.