Patrick Corporation acquired $100$ percent of O'Brien Company's outstanding common stock on January $1$ for $$639,300$ in cash. O'Brien

reported net assets with a carrying amount of $$398,000$ 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:

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.

a$.$which investment method did patric use to compute $212520$ income from obrein

b$.$ determine totals to be reported for this business combination for the year ending decmeber $31.$

c$.$verify totals determined in part b by producing a consilidated worksheet for patrick and obrean for the year ending december $31$