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Book Values Fair Values Computer software Equipment Client contracts In-process research and development Notes payable $ 24,500 65,500 $ 78,500 49,800 129,500 21,500 (82,600) (76,000)
Book Values Fair Values Computer software Equipment Client contracts In-process research and development Notes payable $ 24,500 65,500 $ 78,500 49,800 129,500 21,500 (82,600) (76,000) At December 31, 2018, the following financial information is available for consolidation: Pratt Spider Cash Receivables Inventory Investment in Spider Computer software Buildings (net) Equipment (net) Client contracts Goodwill 10,750 $14,500 50,500 86,500 116,500 142,500 484,450 213,500 608,250 383,000 24,500 131,500 65,500 Total assets $ 1,958,950 373,000 Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings $(91,200) $ (31,500) (76,000) (380,000) (100,000) (25,000) (521,750) (170,000) (796,000) (140,500 Total liabilities and equities $ (1,958,950) $ (373,000) Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2018. PRATT COMPANY AND SUBSIDIARY Consolidated Balance Sheet December 31, 2018 Assets Liabilities and Stockholders' Equity Total assets 0 Total liabilities and equities
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