Balance sheets for Prego Company and Sprague Company as of December 31, 2013, follow: Prego Company Sprague Company Cash $696,800 $111,100 Accounts receivable (net) 890,900 231,000 Inventory 546,000 59,400 Property and equipment (net) 1,926,500 465,800 Land 120,900 94,400 Total assets $4,181,100 $961,700 Accounts payable $303,400 $153,300 Notes payable 584,400 60,500 Long-term debt 352,200 89,500 Common stock 1,783,300 496,600 Other contributed capital 546,400 79,800 Retained earnings 611,400 82,000 Total equities $4,181,100 $961,700 The fair values of Sprague Company's assets and liabilities are equal to their book values.Prepare a consolidated balance sheet as of January 1, 2014, assuming on January 1, 2014, Prego Company exchanged 19,752 of its $20 par value common shares with a fair value of $30 per share for 90% of the outstanding common shares of Sprague Company. The transaction is a purchase. ( List assets in order of liquidity.) PREGO COMPANY AND SUBSIDIARY Consolidated Balance Sheet