$-$During $2023,$ Crane Enterprises Ltd$.,$ a private entity, incurred $$4\mathrm{.}5$ million in costs to develop a new software product called Dover. Of this amount, $$1\mathrm{.}5$ million was spent before the company determined that the product was technologically and financially feasible. Dover was completed by December $31,2023,$ and will be marketed to third parties. Crane expects a useful life of $8$ years for this product, with total revenues of $$12$ million. During $2024,$ Crane realized revenues of $$2\mathrm{.}7$ million from sales of Dover.

$($a$)$

Assuming Crane reports titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record costs spent before establishing the product$)$