a. Which investment method did Patrick use to compute the $341,450 income from O'Brien? b. Determine the totals to be reported for this business combination for the year ending December 31. c. Verify the totals determined in part (b) by producing a consolidation worksheet for Patrick and O'Brien for the year ending December 31. Complete this question by entering your answers in the tabs below Required A Required BRequired C Determine the totals to be reported for this business combination for the year ending December 31 Totals Revenues Cost of goods sold Amortization expense Depreciation expense Income of O'Brien Net income Retained earnings, 1/1 Dividends declared Retained earnings, 12/31 Cash Receivables Inventory Investment in O'Brien Trademarks Customer relationships Equipment Goodwil Total assets Liabilities Common stock Retained earnings, 12131 Total liabilities and equities $ 3,604,650 Consolidation Worksheet For Year Ending December 31 Consolidation Entries Consolidated Accounts Patrick O'Brien Debit Credit Totals Revenues Cost of goods sold Depreciation expense Amortization expense Income from O'Briern $ 1,192,500) (792,000) 364,000 72,600 318,000 82,200 26,200 (341,450) Net income S 1,107,550) (355,400) Retained earnings, 1/1 Net income (above) Dividends declared (303,000) (355,400) 99,000 Retained earnings, 12/31 S (1,692,550)(559,400) (746,000) (1,107,550) 161,000 Cash Receivables Inventory Investment in O'Brien Trademarks Customer relationships Equipment (net) Goodwil 232,000S 338,000 233,000 936,150 572,000 129,500 81,900 209,000 73,500 1,090,000 369,000 Total assets $ 3,401,150S 862,900 Liabilities Common stock Retained earnings (above) (1,308,600) (400,000) 1,692,550 $ (3,401,150) (203,500) (100,000) (559,400) (862,900) S Total liabilities and equity