On August 1, 2024, Reliable Software began developing a software program to allow individuals to customize their investment oortfolios. Technological feasibility was established on January 31, 2025, and the program was available for release on March 31 , 2025. Development costs were incurred as follows: Reliable expects a useful life of five years for the software and total revenues of $8,000,000 during that time. During 2025 , revenue of $2,000,000 was recognized. Required: Prepare the journal entries to record the development costs in 2024 and 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits