Pratt Company acquired all of the outstanding shares of Spider, Inc., on December 31, 2021, for $478,050 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	$	49,500		$	88,500
Equipment		55,500			36,400
Client contracts		0			105,000
In-process research and development		0			29,750
Notes payable		(104,000	)		(112,850	)

At December 31, 2021, the following financial information is available for consolidation (credit balances in parentheses):

	Pratt				Spider
Cash	$	15,500			$	19,200
Receivables		117,000				57,900
Inventory		165,000				103,900
Investment in Spider		478,050				0
Computer software		250,000				49,500
Buildings (net)		600,500				172,500
Equipment (net)		319,000				55,500
Client contracts		0				0
Goodwill		0				0
Total assets	$	1,945,050			$	458,500
Accounts payable	$	(96,300	)		$	(65,500	)
Notes payable		(530,750	)			(104,000	)
Common stock		(380,000	)			(100,000	)
Additional paid-in capital		(170,000	)			(25,000	)
Retained earnings		(768,000	)			(164,000	)
Total liabilities and equities	$	(1,945,050	)		$	(458,500	)

Prepare a consolidated balance sheet for Pratt and Spider as of December 31, 2021.