Pratt Company acquired all of the outstanding shares of Spider, Inc., on December 31, 2021, for $461,700 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 ValuesFair ValuesComputer software$33,000$74,000Equipment82,00062,600Client contracts0118,000In-process research and development024,000Notes payable(71,500)(78,400)

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

PrattSpiderCash$23,750$15,000Receivables136,00047,000Inventory189,00060,500Investment in Spider461,7000Computer software233,50033,000Buildings (net)605,750142,500Equipment (net)347,00082,000Client contracts00Goodwill00Total assets$1,996,700$380,000Accounts payable$(88,200)$(38,500)Notes payable(529,500)(71,500)Common stock(380,000)(100,000)Additional paid-in capital(170,000)(25,000)Retained earnings(829,000)(145,000)Total liabilities and equities$(1,996,700)$(380,000)

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