1Prepare entry S to eliminate stockholders' equity accounts of subsidiary.

2Prepare entry A to recognize goodwill portion of the original acquisition fair value.

3Prepare entry I to eliminate intra-entity income accrual for the current year based on the parent's usage of the partial equity method.

4Prepare entry D to eliminate intra-entity dividend transfers.

5Prepare entry E to recognize 2020 amortization expense.

6Prepare entry *C to convert parent company figures to equity method.

7Prepare entry S to eliminate stockholders' equity accounts of subsidiary for 2021.

8Prepare entry A to recognize original goodwill balance.

9Prepare entry I to eliminate Intra-entity Income accrual for the current year.

10Prepare entry D to eliminate Intra-entity dividend transfers.

11Prepare entry E to recognize 2021 amortization expense.

Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date. Abernethy has the following trial balance: During 2020, Abernethy reported net income of $104,500 while declaring and paying dividends of $13,000. During 2021, Abernethy reported net income of $137,750 while declaring and paying dividends of $34,000. Assume that Chapman Company acquired Abernethy's common stock by paying $921,650 in cash. All of Abernethy's accounts are estimated to have a fair value approximately equal to present book values. Chapman uses the partial equity method to account for its investment. Prepare the consolidation worksheet entries for December 31, 2020, and December 31, 2021. (If no entry is requlred for e transactlon/event, select "No journal entry requlred" In the flrst account fleld.)