Care Tole.com communikation service polder en towa. Neraka Dakota and Montana had the following om swange dang theo Click the icon to view the domes) Read the Requirement 1. Journate the entire record Core Telecoms samection during you Record deals for the con Sund the explanation on the battle of the fourtney tab) Feb 13 Core Telecom purchased Suley Wess Enterprises for S00.000 cash plus a 500,000 note payable Suriy boss was 1.200.000 de valors and was 54500.000 and 5560.000. respectively Date Accounts and Explanation Debit Crede Feb 13 ecora pry Wireled of Feb. 13 unts a Apr. 1 Oct. 1 Core Telecom purchased Surley Wireless Enterprises for $600,000 cash plus a $900,000 note payable Surley's book value of assets was $1,200,000. Surley's market value of assets and liabilities was $1,500,000 and $560,000, respectively Paid 5600,000 to acquire a patent. Core believes the patent's useful life will be 10 years. Paid 5680,000 for the trademark. "Bolt Fast" with a useful life of 20 years Recorded amortization expense (separately) for the patent and trademark Dec. 31 ec Requirements rig ma na 1. Journalize the entries to record Core Telecom's transactions during the year. 2. What special asset does Core Telecom's acquisition of Surley Wireless identify? How should Core Telecom account for this asset after acquiring Surley Wireless? Explain in detail