Westward Telecom, a communication service provider in lows, Nebraska, the Dakotas, and Montana had the folowing bansaction related to its intangibles during the year Click the loon to view the transactions) Read the requirements Requirement 1. Joumalas the entries to recont Westward Telecom's transactions during the year. (Recond debits first, then credits. Select the explanation on the last line of the journal entry table) Feb 13: Westward Telecom purchased Shipley Wireless Enterprises for $680,000 cash plus $1,000,000 note payable. Shipley's book value of assets was $1,200,000. Shipley's market value of stands $1,700,000 and $820,000, respectively Date Feb. 13 Accounts and Explanation Deb Credit