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Patrick Corporation acquired 1 0 0 percent of O'Brien Company's outstanding common stock on January 1 for $ 6 1 7 , 9 0 0

Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January 1 for $617,900 in cash. O'Brien reported net assets with a carrying amount of $393,000 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:
\table[[,Book,Fair],[Trademarks (indefinite life),Values,Values],[Customer relationships (5-year remaining life),69,000,$176,000
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