On January 1. 2014, Patel Corporation issued its stock with a fair value of $105 , 000 for 705 of the outstanding common stock of Summer Company, which became a subsidiary of Patel. The fair value of the noncontrolling interest was $45 , 000 on January 1, 2014. Differences between book value and fair value of the net identifiable assets of Summer Company on January 1, 2014, were limited to the following (i) Prepare the working paper entries (in journal entry format) for Patel Corporation and subsidiary on January 1, 2014. (ii) Complete the following working paper for consolidated balance sheet of Patel Corporation and subsidiary. Working paper for consolidated balance sheet on date of business combin, January 1,2014 .