Which investment method did Patrick use to compute the $212,520 income from O'Brien? Vhich investment method did Patrick use to compute the $212,520 income from O'Brien? Determine the totals to be reported for this business combination for the year ending December 31 . Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January 1, for $662,300 in cash. O'Brien reported net assets with a carrying amount of $421,000 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. 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