Pratt Company acquired all of Spider, Inc.s outstanding shares on December 31, 2018, for $495,000 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	$	20,000			$	70,000
Equipment		40,000				30,000
Client contracts		0				100,000
In-process research and development		0				40,000
Notes payable		(60,000	)			(65,000	)

At December 31, 2018, the following financial information is available for consolidation:

	Pratt				Spider
Cash	$	36,000			$	18,000
Receivables		116,000				52,000
Inventory		140,000				90,000
Investment in Spider		495,000				0
Computer software		210,000				20,000
Buildings (net)		595,000				130,000
Equipment (net)		308,000				40,000
Client contracts		0				0
Goodwill		0				0
Total assets	$	1,900,000			$	350,000
Accounts payable	$	(88,000	)		$	(25,000	)
Notes payable		(510,000	)			(60,000	)
Common stock		(380,000	)			(100,000	)
Additional paid-in capital		(170,000	)			(25,000	)
Retained earnings		(752,000	)			(140,000	)
Total liabilities and equities	$	(1,900,000	)		$	(350,000	)

Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2018.