Pratt Company acquired all of Spider, Inc.'s outstanding shares on December 31, 2015, for $495,000 cash. Although many of Spider's book values approximate fair values, several of its accounts have fair values that differ from book values. In addition, Spider has internally developed assets that remain unrecorded on its books. In deriving the acquisition price, Pratt assessed Spider's fair and book value differences as follows:

Computer Software Book Value - $20,000 Fair Values - $70,000

Equipment BV- $40,000 FV - $30,000

Client contracts BV- $0 FV - $100,000

In-process research and development BV - $0 FV - $40,000

Notes Payable BV - ($60,000) FV - ($65,000)

At December 31, 2009, the following financial information is available for consolidation:

Cash (Pratt) $36,000 (Spider) $18,000

Receivables (Pratt) $116,000 (Spider) $52,000

Inventory (Pratt) $140,000 (Spider) $90,000

Investment in Spider (Pratt) $495,000 (Spider) $0

Computer Software (Pratt) $210,000 (Spider) $20,000

Buildings (net) (Pratt) $595,000 (Spider) $130,000

Equipment (net) (Pratt) $308,000 (Spider) $40,000

Client Contracts (Pratt) $0 (Spider) $0

Goodwill (Pratt) $0 (Spider) $0

Total assets (Pratt) $1,900,000 (Spider) $350,000

Accounts payable (Pratt) ($88,000) (Spider) ($25,000)

Notes Payable (Pratt) ($510,000) (Spider) ($60,000)

Common Stock (Pratt) ($380,000) (Spider) ($100,000)

Additional paid in capital (Pratt) ($170,000) (Spider) ($25,000)

Retained Earnings (Pratt) ($752,000) (Spider) ($140,000)

Total liabilities and equities (Pratt) ($1,900,000) (Spider) ($350,000)

Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2015.

PREPARE CONSOLIDATION BALANCE SHEET FOR PRATT AND SPIDER AS OF DECEMBER 31, 2015.??