Pratt Company acquired all of the outstanding shares of Spider, Inc., on December 31, 2021, for $497,700 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	$	52,500		$	101,500
Equipment		63,800			49,200
Client contracts		0			111,000
In-process research and development		0			31,500
Notes payable		(105,500	)		(111,650	)

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

	Pratt				Spider
Cash	$	30,200			$	19,900
Receivables		133,500				54,000
Inventory		168,500				69,500
Investment in Spider		497,700				0
Computer software		247,500				52,500
Buildings (net)		605,250				172,000
Equipment (net)		341,000				63,800
Client contracts		0				0
Goodwill		0				0
Total assets	$	2,023,650			$	431,700
Accounts payable	$	(97,400	)		$	(56,000	)
Notes payable		(525,250	)			(105,500	)
Common stock		(380,000	)			(100,000	)
Additional paid-in capital		(170,000	)			(25,000	)
Retained earnings		(851,000	)			(145,200	)
Total liabilities and equities	$	(2,023,650	)		$	(431,700	)

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