Pratt Company acquired all of the outstanding shares of Spider, Inc., on December $31,2021,$ for $$484,900$ cash. Pratt will operate Spider as a wholly owned subsidiary with a separate legal and accounting identity. Although many of Spider$$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:

Book Values Fair Values

Computer software $ $46,600$ $ $94,350$

Equipment $78,50067,900$

Client contracts $0112,500$

In$-$process research and development $029,000$

Notes payable $(71,900)(78,900)$

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

Pratt Spider

Cash $ $32,400$ $ $6,800$

Receivables $120,50032,000$

Inventory $171,50054,000$

Investment in Spider $484,9000$

Computer software $230,50046,600$

Buildings $($net$)595,000171,500$

Equipment $($net$)315,00078,500$

Client contracts $00$

Goodwill $00$

Total assets $ $1,949,800$ $ $389,400$

Accounts payable $ $(95,300)$ $ $(41,000)$

Notes payable $(531,500)(71,900)$

Common stock $(380,000)(100,000)$

Additional paid$-$in capital $(170,000)(25,000)$

Retained earnings $(773,000)(151,500)$

Total liabilities and equities $ $(1,949,800)$ $ $(389,400)$

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