Midland States Telecom provides communication services in lowa, Nebraska, the Dakotas, and Montana. Midland States Telecom purchased goodwill as part of the acquisition of Sheldon Wireless Enterprises, which had the following figures Requirement 1. Journalize the entry to record Midland State Telecom's purchase of Sheldon Wireless for $440,000 cash plus a $660,000 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 Book value of assets 900,000 1,400,000 530,000 Market value of assets Market value of liabilities