Heartiand Telecom, a communication servico provider in lowa, Nobraska, the Dakotas, and Montana had the following transactions related to its intangibles during the year: (3) (Click the leon to vitw the transactions? Read the reouirements Requirement 1. Journalizo the entries to record Heartiand Telecom's transactions during the year. (Record debits first, than crodis: Sibect the explanation on the last line of the joumal entry table Feb. 13. Heartand Telecom purchasod \$ugar Wreless Enterprises for $560,000 cash plus a $840,000 note payable. Sugars book value of assets was $1,200,000, , Sugars maket value of assets and liabilities was $1,800,000 and 5860,000 , respectively. Requirements 1. Journalize the entries to record Heartland Telecom's transactions during the year. 2. What special asset does Heartland Telecom's acquisition of Sugar Wireless identify? How should Heartland Telecom account for this asset after acquiring Sugar Wireless? Explain in detail. Heartiand Telecom, a communication servico provider in lowa, Nobraska, the Dakotas, and Montana had the following transactions related to its intangibles during the year: (3) (Click the leon to vitw the transactions? Read the reouirements Requirement 1. Journalizo the entries to record Heartiand Telecom's transactions during the year. (Record debits first, than crodis: Sibect the explanation on the last line of the joumal entry table Feb. 13. Heartand Telecom purchasod \$ugar Wreless Enterprises for $560,000 cash plus a $840,000 note payable. Sugars book value of assets was $1,200,000, , Sugars maket value of assets and liabilities was $1,800,000 and 5860,000 , respectively. Requirements 1. Journalize the entries to record Heartland Telecom's transactions during the year. 2. What special asset does Heartland Telecom's acquisition of Sugar Wireless identify? How should Heartland Telecom account for this asset after acquiring Sugar Wireless? Explain in detail