WEBDESIGN Ltd. decided that it needed to update its computer programs for its supplier relationships. It purchased an off-the-shelf program and modified it internally to link it to WEBDESIGNs other programs. The following costs may be relevant to the accounting for the new software:

Net carrying amount of old software		$	1,390
Purchase price of new software			5,760
Training costs			5,160
General and administrative costs			3,950
Direct cost of in-house programmers time spent on conversion			1,750

Prepare journal entries to record the software replacement.