On August 1, 2021, Reliable Software began developing a software program to allow Individuals to customize their investment portfolios. Technological feasibility was established on January 31, 2022, and the program was available for release on March 31, 2022 Development costs were incurred as follows: August 1 through December 31, 2021 January 1 through January 31, 2022 February 1 through March 31, 2022) $5,400,000 1,110,000 1,510,000 Reliable expects a useful life of five years for the software and total revenues of $7,100,000 during that time. During 2022, revenue of $1,136,000 was recognized. Required: Prepare the journal entries to record the development costs in 2021 and 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the development costs in 2021. Note: Enter debits before credits. Date 2021 General Journal Debit Credit