Core Telecom provides communication services in lowa, Nebraska, the Dakotas, and Montana. Core Telecom purchased goodwill as part of the acquisition of Shipley Wireless Enterprises, which had the following figures: (Click the icon to view the data.) Read the requirements. Requirement 1. Journalize the entry to record Core Telecom'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 Data table - X Book value of assets $ 600,000 ple. (Rec Market value of assets 1,500,000 Market value of liabilities 540,000 Print Done