Chapman Company obtains $100$ percent of Abernethy Company$$s stock on January $1,2017.$ As of that date, Abernethy has the following trial balance:During $2017,$ Abernethy reported net income of $$124,000$ while declaring and paying dividends of $$16,000.$ During $2018,$ Abernethy reported net income of $$164,750$ while declaring and paying dividends of $$60,000.$ Assume that Chapman Company acquired Abernethy$$s common stock for $$756,500$ in cash. As of January $1,2017,$ Abernethy$$s land had a fair value of $$93,100,$ its buildings were valued at $$194,800,$ and its equipment was appraised at $$366,250.$ Chapman uses the equity method for this investment. Prepare consolidation worksheet entries for December $31,2017,$ and December $31,2018.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$