please show calculation

Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January for $693700 in cash. O'Brien reported net assets with a carrying amount of $403,000 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: Dook Pair Trademarks (indefinite ulte) Values $ 60,500 5 237,500 Customer relationships (5-year remaining lifo) Equipment (10-year remaining life) 423,000 Values 0 99,600 363,300 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. Patrick O'Brien Revenues $(1, 192,500) 5 (792,000) Cont of goods sold 318,000 364,000 Depreciation expense 82,200 72,600 Amortization expense 26,200 0 Income from O'Brien (341,450) Net Income $(1,107,550) $ (355,400) Retained earnings 1/1 $ (746,000) $ (303,000) Net Income (1.107,550) (355,400) Dividends declared 161,000 99.000 Retained earnings 12/31 $(1,692,550) $ (559,400) Cash 5 232,000 $ 129,500 Receivables 338,000 81,900 Inventory 233,000 209,000 Investment in O'Brien 936,150 Trademarks 572,000 73,500 0 Customer relationships Revenues Cost of goods sold Depreciation expense Ainortization expense Income from O'Brien Net income Retained earnings 1/1 Net income Dividends declared Retained earnings 12/31 Cash Receivables Inventory Investment in O'Brien Trademarks Customer relationships Equipment (net) Goodwill Total assets Liabilities Common stock Retained earnings 12/31 Total liabilities and equity Patrick $(1,192,500) 318,000 82,200 26,200 (341,450) $(1,107,550) $ (746,000) (1,107,550) 161,000 $(1,692,550) 232,000 338,000 233,000 936,150 572,000 0 1,090,000 0 $ 3,401,150 $(2,308,600) (400,000) (1,692,550) $(3,401,150) O'Brien $ (792,000) 364,000 72.600 0 0 (355,400) $ (303,000) (355,400) 99,000 $ (559,400) $ 129,500 81,900 209,000 0 73,500 0 369,000 0 $ 862,900 $ (203,500) (100,000) (559,400) $ (862,900) 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 positive values.) Revenues Cost of goods sold Amortization expense Depreciation expense Income from O'Brien Consolidated totals $ (1,984,500) $ 682,000 $ 46,120 $ 148,830 Net income Retained earnings, 1/1 Dividends declared Retained earnings, 12/31 Cash $ (1,107,550) $ (746,000) $ 161,000 $ (1,692,550) X $ 361,500 $ 419,900 $ 442,000 Receivables $ Inventory Investment in O'Brien Trademarks Customer relationships Equipment (net) Goodwill $ Total assets 822,500 $ 79,680 1,405,270 $ 73,800 3,604,650 $ (1,512,100) (400,000) $ (1,692,550) X $ (3,604,650) $ Liabilities Common stock Retained earnings, 12/31 Total liabilities and equities $