P10-40B (similar to) Middle Telecom provides communication services in lowa, Nebraska, the Dakotas and Montana. Middle purchased goodwill as part of the acquisition of Shurburn Wireless Enterprises, which had the following figures: (Click the icon view the data.) Requirements Journalize the entry to record Middle's purchase of Shurburn Wireless for $280.000 cash plus a $420,000 note payable. What special asset does Middle's acquisition of Shurburn Wireless identify? How should Middle Telecom account for this asset after acquiring Shurburn Wireless? Explain in detail. Requirement 1. Journalize the entry to record Middle's purchase of Shurburn Wireless for $280,000 cash plus a $420,000 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 S Book value of assets Market value of assets Market value of liabilities 600,000 900,000 550,000 Print Done