Return t On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30 2022. Development costs were incurred as follows: September 30 through December 31, 2021 January 1 through February 28, 2022 March 1 through April 30, 2022 $2,800,000 1,100,000 426,000 Athens expects a useful life of four years for the software and total revenues of $6.200 000 during that time. During 2022, revenue of $1,240,000 was recognized. Required:

1. Prepare a journal entry to record the development costs in each year of 2021 and 2022. 2. Calculate the required amortization for 2022.

Required 1 Required 2 Prepare a journal entry to record the development costs in each year of 2021 and 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event Debit Credit 1 1 General Journal Research and development expense Cash No journal entry required 2,800,000 2.800,000 N 2 152,600 152.600 Research and development expense Cash Accounts receivable Equipment 152 600 X x x 152,600 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the required amortization for 2022. Amortization for 2022 $ 1,081,500