Pratt Company acquired all of Spider, Inc.'s outstanding shares on December 31, 2018, for $518,250 cash. Pratt will operate Spider as a wholly owned subsidiary with a separae legal and accounting identity. Although many of Spiders book values approximate fair values, several of its accounts have fair values that difer from book values. In addtion, Spider has internally developed assets that remain unrecorded on Its books. In derving the acquisition price, Prat assessed Spider's fair and book value differences as follows: Conputer software Equipment client contracta $ 50,000 93, 000 28,100 0 116, 800 44,000 31,000 92,200 97,600) Notes payable At December 31, 2018, the following financial Information is availabie for consolidation Pratt 6,850 114,500 129,000 518,250 252,000 556,000 354,000 29,700 79,500 93,000 Cash Receivables Inventory Investment in Spider Conputer software Buildings (net Equipment (net) Client contracts 50,000 133,500 44,000 $ 1,930,600 429,700 Total assets Accounts Notes payable Conmon stock Additional paid-in capital Retained earnings $ 92,100) $33,000) (510,500 92,200) (380,000 100,000) payable 170, 000 25,000) 179,500 778,000 Tot I liabilities and equities $ (1,930, 600) 429,700) Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2018. Consolidated Balance Sheet 2018 Liabilities and Assets otal assets l liabilities and