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.