Pratt Company acquired all of Spider, Inc.s outstanding shares on December 31, 2015, for $515,300 cash. Pratt will operate Spider as a wholly owned subsidiary with a separate legal and accounting identity. Although many of Spiders 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 Spiders fair and book value differences as follows:

	Book Values		Fair Values
Computer software	$	40,000	$	76,000
Equipment		86,000		71,100
Client contracts		0		112,400
In-process research and development		0		34,750
Notes payable		(95,000)		(103,450)

At December 31, 2015, the following financial information is available for consolidation:

	Pratt			Spider
Cash	$	31,950		$	17,100
Receivables		141,000			62,900
Inventory		183,500			106,000
Investment in Spider		515,300			0
Computer software		213,000			40,000
Buildings (net)		513,000			134,000
Equipment (net)		328,000			86,000
Client contracts		0			0
Goodwill		0			0
Total assets	$	1,925,750		$	446,000
Accounts payable	$	(98,500)		$	(43,500)
Notes payable		(519,250)			(95,000)
Common stock		(380,000)			(100,000)
Additional paid-in capital		(170,000)			(25,000)
Retained earnings		(758,000)			(182,500)
Total liabilities and equities	$	(1,925,750)		$	(446,000)

Note: Parentheses indicate a credit balance.

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