Parent Company buys Sub Company. Sub Company has the following book and fair market values for their accounts as of the purchase.

Balance Sheet of Sub Company	Book Values	Fair Values
Assets
Current Assets	$150	$150
Property, Plant, and Equipment	200	300
Copyright (net)	50	600
Sales Contracts		350
Total Assets	$400	$1,400
Liabilities
Accounts Payable	$100	$100
Stockholders' Equity
Common Stock-$5 par value	50
Additional Paid-in-Capital	50
Retained Earnings	200
Total Liabilities and Stockholders' Equity	$400

(1) Parent Company pays $400 cash and 50 shares of $10 par common stock, selling for $20 per share of the business combination. Prepares a journal entry for this takeover for Parent Company. Sub Company dissolves after this event.

(2) Prepare a journal entry for Parent Company for the case that Parent Company pays the owners of Sub Company only issuing 50 shares of $10 par common stock, selling for $20 per share as of the business combination. Sub Company dissolves after this event.