On January 1, 2016, Perfect Corporation issued its stock with a fair value of $231,000 for 60% of the outstanding common stock of Sunny Company, which became a subsidiary of Perfect. There was no control premium. Differences between book value and fair value of the net identifiable assets of Sunny Company on January 1, 2016, were limited to the following: Required: (i) Prepare working paper eliminating entries E and R (in journal entry format) for Perfect Corporation and subsidiary on January 1, 2016. (ii) Complete the following working paper: Working paper for consolidated balance sheet on date of business combination, January 1, 2016