I really need help with this tonight thanks

Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January 1 for $623,500 in cash. O'Brien reported net assets with a carrying amount of $364,000 at that time. Some of O'Brien's assets either were unrecorded (having been internally developed) or had fair values that differed from book values as follows: Trademarks (indefinite life) Customer relationships (5-year remaining life) Equipment (10-year remaining life) Book Fair Values Values 86,500 $ 215,500 0 92,400 347,000 305,300 Any goodwill is considered to have an indefinite life with no impairment charges during the year. The following are financial statements at the end of the first year for these two companies prepared from their separately maintained accounting systems. O'Brien declared and paid dividends in the same period. Credit balances are indicated by parentheses. O'Brien $ (896,000) 416,880 88,200 Revenues Cost of goods sold Depreciation expense Amortization expense Income from O'Brien Net income Retained earnings 1/1 Net income Dividends declared Retained earnings 12/31 Cash Receivables Inventory Patrick $(1,867,500) 498,000 88, 200 37,400 (377,490) $(1,621, 390) $ (736,100) (1,621,390) 152, eee $(2,205, 390) $ 222,000 422,000 216,00 $ (391,800) $ (264,000) (391, 800) 90,000 $ (565, 800) $ 130,500 83,100 223,000 Prev 1 of 1 Nexi Lemes - Hoocho.pdf Lucas - THE UNHO...pdf A Co search O 8 R . 910,990 598,000 65,400 1,078,000 Investment in O'Brien Trademarks Customer relationships Equipment (net) Goodwill Total assets Liabilities Common stock Retained earnings 12/31 Total liabilities and equity $ 3,446,990 $ (841,600) (400,000) (2,205, 390) $(3,446,990) 292,000 0 $ 794,000 $ (128,200) (100,000) (565, 800) $ (794,000) a. Which investment method did Patrick use to compute the $377,490 income from O'Brier b. Determine the totals to be reported for this business combination for the year ending De c. Verify the totals determined in part (b) by producing a consolidation worksheet for Patrick December 31. Prev 1 of 1 df Lerner - Hooch Joi....pdf PDF Lucas - THE UNHO....pdf to search O Til F7 F9 Determine the totals to be reported for this business combination for the year ending December 31. (Input all amounts as positive values.) Consolidated totals Revenues Cost of goods sold Amortization expense Depreciation expense Income from 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 (net) Goodwill Total assets Prey 1 of 1 2 ...di Lerner - Hooch jo...pdf Lucas - THE UNHO....pdf ere to search O Q Accounts Consolidated Totals $ Revenues Cost of goods sold Depreciation expense Amortization expense Income from O'Brien Net income Consolidation Worksheet For Year Ending December 31 Consolidation Entries Patrick O'Brien Debit Credit (1,867,500) $ (896,000) 498,000 416,000 88.200 88.200 37,400 0 (377,490) 0 (1,621,390) $ (391 800) $ Retained earnings, 1/1 Net income (above) Dividends declared Retained earnings, 12/31 (736,000) (1,621,390) 152.000 (2.205.390) S (264 000 (391 800) 90,000 (565 800) $ Cash $ S 222.000 422 000 216,000 910.990 130.500 83.100 223 000 Receivables Inventory Investment in O'Brien Trademarks Customer relationships Equipment (net) 65.400 598.000 0 1.078.000 0 292 000 1 of 1 Next pdf Lerner - Hooch Jo.pdf Lucas THE UNHO..pdf to search Goodwill 0 Total assets 3.446,990 $ 794.000 Liabilities Common stock (841,600) (400,000) 2,205,390 (3,446 990) $ (128,200) (100,000) (565 800) (794,000) $ Retained earnings (above) Total liabilities and equity S 0 $ 0