Balance sheets for Prego Company and Sprague Company as of December 31, 2013, follow: Cash Accounts receivable (net) Inventory Property and equipment (net) Land Total assets Prego Company $703,400 892,100 545,100 1,919,800 119,900 $4,180,300 Sprague Company $110,100 229,700 59,700 470,300 93,100 $962,900 Accounts payable Notes payable Long-term debt Common stock Other contributed capital Retained earnings Total equities $304,100 587,200 351,300 1,806,000 540,200 591,500 $4,180,300 $150,900 61,500 90,000 503,200 79,500 77,800 $962,900 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 purchased 90% of the outstanding common stock of Sprague Company for $594,450. (List assets in order of liquidity.) PREGO COMPANY AND SUBSIDIARY Consolidated Balance Sheet