Please complete in excel

P10-34A Accounting for intangibles Midland Telecom provides communication services in Iowa, Nebraska, the Dakotas, and Montana. Midland purchased goodwill as part of the acquisition of Shipley Wireless Company, which had the following figures: Book value of assets 750,000 Market value of assets ,000,000 Market value of liabilities 530,000 Requirements 1. Journalize the entry to record Midland's purchase of Shipley Wireless for $320,000 cash plus a $480,000 note payable. 2. What special asset does Midland' acquisition of Shipley Wireless identify? How should Midland Telecom account for this asset after acquiring Shipley Wireless