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 $ 6,300,000
January 1 through January 31, 2022 1,200,000
February 1 through March 31, 2022 1,600,000

Reliable expects a useful life of five years for the software and total revenues of $8,000,000 during that time. During 2022, revenue of $2,000,000 was recognized.

1. Prepare the journal entries to record the development costs in 2021 and 2022.
2. Calculate the required amortization for 2022.

Tony prince is the project manager for the recreation and wellness intranet project. team members include you, a programmer/analyst and aspiring project manager; patrick, a network specialist; nancy, a business analyst; and bonnie, another programmer/analyst. other people are supporting the project from other departments, including yusaff from human resources and cassandra from finance. assume that these are the only people who can be assigned and charged to work on project activities. recall that your schedule and cost goals are to complete the project in six months for under $200,000.task 2identify at least eight milestones for the recreation and wellness intranet project. write a short paper describing each milestone using the smart criteria. discuss how determining these milestones might add activities or tasks to the gantt chart. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone.