9. On August 1, 2016, Reliable Software began developing a software program to allow individuals to customize their investment portfolios. Technological feasibility was established on January 31, 2017, and he program was available for release on March 31, 2017. Development costs were incurred as follows: August 1 through December 31, 2016 January 1 through January 31, 2017 February 1 through March 31,2017 $6,100,000 1,180,000 ,580,000 Relilable expects a usoful life of five years for the software and total revenues of $7,800,000 during that time. During 2017, revenue of $1,794,000 was recognized. Required: 1. Prepare the jourmal entries to record the development costs in 2016 and 2017. (If no entry is required for a trans actionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the development costs in 2016 Note: Enter debits before credks. Date 2016 General Journal DebitCredit esc : FI F2 F3 F4 FS F6 7