Chapman Company obtains 100 percent of Abernethy Companys stock on January 1, 2014. As of that date, Abernethy has the following trial balance:

	Debit			Credit
Accounts payable				$	54,100
Accounts receivable	$	48,500
Additional paid-in capital					50,000
Buildings (net) (4-year life)		130,000
Cash and short-term investments		66,000
Common stock					250,000
Equipment (net) (5-year life)		437,500
Inventory		109,000
Land		89,000
Long-term liabilities (mature 12/31/17)					178,500
Retained earnings, 1/1/14					358,800
Supplies		11,400
Totals	$	891,400		$	891,400

During 2014, Abernethy reported net income of $126,000 while declaring and paying dividends of $16,000. During 2015, Abernethy reported net income of $174,000 while declaring and paying dividends of $49,000.

Assume that Chapman Company acquired Abernethys common stock by paying $785,800 in cash. All of Abernethys 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 consolidation worksheet entries for December 31, 2014, and December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)