Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2023. As of that date, Abernethy has the following trial balance: During 2023, Abernethy reported net income of $98,000 while declaring and paying dividends of $12,000. During 2024, Abernethy reported net income of $128,250 while declaring and paying dividends of $39,000. Assume that Chapman Company acquired Abernethy's common stock for $851,300 in cash. As of January 1, 2023, Abernethy's land had a fair value of $124,200, its buildings were valued at $254,400, and its equipment was appraised at $378,500. Chapman uses the equity method for this investment. Required: Prepare consolidation worksheet entries for December 31, 2023, and December 31, 2024 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Prepare entry C to convert parent's beginning retained earnings to full accrual basis. Note: Enter debits before credits. Prepare entry S to eliminate stockholders' equity accounts of subsidiary for 2024. Note: Enter debits before credits. Prepare entry A to recognize allocations attributed to specific accounts at acquisition date for 2024 . Note: Enter debits before credits. Prepare entry I to eliminate the subsidiary income accrual recognized by the parent. Note: Enter debits before credits. Prepare entry D to eliminate intra-entity dividend transfers. Note: Enter debits before credits. Prepare entry E to recognize current year amortization expense. Note: Enter debits before credits