Heartland Telecom provides communication services in​ Iowa, Nebraska, the​ Dakotas, and Montana. Heartland Telecom purchased goodwill as part of the acquisition of Samson Wireless​ Enterprises, which had the following​ figures:

Heartland Telecom provides communication services in​ Iowa, Nebraska, the​ Dakotas, and Montana. Heartland Telecom purchased goodwill as part of the acquisition of Samson Wireless​ Enterprises, which had the following​ figures: Data table: Book value of assets $800,000 Market value of assets 900,000 Market value of liabilities 510,000 Requirements: 1. Journalize the entry to record Heartland Telecom’s purchase of SamsonSamson Wireless for $400,000 cash plus a $600,000 note payable. 2. special asset does Heartland Telecom’sHeartland Telecom’s acquisition of SamsonSamson Wireless​identify? How should HeartlandHeartland Telecom account for this asset after acquiring SamsonSamson ​Wireless? Explain in detail.

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