In 2024, 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 2024 expenditures were included in the R&D expense account: Salaries and wages for: Lab research $ 370,000 Design and construction of preproduction prototype 230,000 Quality control during commercial production 27,000 Materials and supplies consumed for: Lab research 67,000 Construction of preproduction prototype 37,000 Purchase of equipment 670,000 Patent filing and legal fees for completed project 47,000 Payments to others for research 155,000 Total $ 1,603,000 A total of $235,000 of equipment was purchased solely for use in one of the projects. After the project is completed, the equipment will be abandoned. The remaining $435,000 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Record entry to capitalize the cost of equipment to be used on future projects incorrectly charged to R&D expense.

Record depreciation on equipment used in R&D projects.

Record entry to capitalize filing and legal fees for patent incorrectly charged to R&D expense.

Record the entry to reclassify the expenditures made for quality control during commercial production assuming the costs would be treated as manufacturing overhead.