Core Telecom provides communication services in lowa, Nebraska, the Dakotas, and Montana. Core purchased goodwill as part of the acquisition of Shipley Wireless Enterprises, which had the following figures: (Click the icon to view the data.) Requirements 1. Journalize the entry to record Core's purchase of Shipley Wireless for $480,000 cash plus a $720,000 note payable. 2. What special asset does Core's acquisition of Shipley Wireless identify? How should Core Telecom account for this asset after acquiring Shipley Wireless? Explain in detail. Requirement 1. Journalize the entry to record Core's purchase of Shipley Wireless for $480,000 cash plus a $720,000 note payable. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Assets Equity Cash Gain on Disposal Goodwill Liabilities Loss on Disposal Notes Payable Requiremei y? How should Core Telecom account for this asset after acquiring Shipley Wireless? Explain in detail. What specie Requirement 2. What special asset does Core's acquisition of Shipley Wireless identify? How should Core Telecom account for this asset after acquiring Shipley Wireless? Explain in detail. What special asset does Core's acquisition of Shipley Wireless identify? The acquisition identifies the asset How should Core Telecom account for this asset after acquiring Shipley Wireless? Explain in detail. Core should measure the of this asset each year. If this asset has increased in value, Core should If the value of the asset has decreased, Core should Choose from any list or enter any number in the input fields and then continue to the next