Pratt company acquired all of spider, inc.’s outstanding shares on december 31, 2018, for $482,500 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 valuescomputer software $ 38,500 $ 89,500 equipment 70,500 53,100 client contracts 0 108,500 in-process research and development 0 32,750 notes payable (73,000 ) (78,350 )at december 31, 2018, the following financial information is available for consolidation: pratt spidercash $ 12,700 $ 28,500 receivables 139,500 53,000 inventory 156,000 75,000 investment in spider 482,500 0 computer software 244,500 38,500 buildings (net) 568,750 154,000 equipment (net) 373,000 70,500 client contracts 0 0 goodwill 0 0 total assets $ 1,976,950 $ 419,500 accounts payable $ (94,700 ) $ (71,500 )notes payable (522,250 ) (73,000 )common stock (380,000 ) (100,000 )additional paid-in capital (170,000 ) (25,000 )retained earnings (810,000 ) (150,000 )total liabilities and equities $ (1,976,950 ) $ (419,500 )prepare a consolidated balance sheet for pratt and spider as of december 31, 2018.