Manuel and I worked together to attach the Arduino chip in the Breadboard to the Breakout board. We were working with a 3.3V chip (FT232R), so we had to break the soldered link between 3.3VCC and VCC on the top of the chip.
We then put code on our Arduino chip to provide serial data back to the computer (using the Analog 0 pin) and used Processing to read it. We found a very helpful tutorial on the Arduino website (here).
Here is a video demonstration of the project: