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 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 $ 46,600 $ 94,350 Equipment 78,500 67,900 Client contracts 0 112,500 In-process research and development 0 29,000 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 120,500 32,000 Inventory 171,500 54,000 Investment in Spider 484,900 0 Computer software 230,500 46,600 Buildings (net) 595,000 171,500 Equipment (net) 315,000 78,500 Client contracts 0 0 Goodwill 0 0 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.