Problem 2 on January 1, 2014, Patel Corporation issued its stock with a fair value of s105,000 for 70% of the outstanding common stock of summer company, which became a subsidiary of Patel. The fair value of the noncontrolling interest was s4s,ooo 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 Book Value Fair Value Copyrights $47,000 $43,300 Long-term debt $8,000 $7,200 Prepare the working paper entries (in journal entry format for Patel Corporation and subsidiary on January 1, 2014. (in complete the following working paper for consolidated balance sheet of Patel and subsidiary. Working paper for consolidated balance sheet on date of business Corporation combination, January 1, 2014