Chapman Company obtains 100 percent of Abernethy Company's stock on January 1,2020. As of that date, Abernethy has the ollowing trial balance: During 2020, Abernethy reported net income of \$99,000 while declaring and paying dividends of \$12,000. During 2021, Abernethy eported net income of $151,250 while dedaring and poying dividends of $53,000. Assume that Chapman Company acquired Abernethy's common stock for $866,800 in cash. As of January 1, 2020, Abernethy's land tad a fair value of $110,900, its building were valued at $232,400, and its equipment was appraised at $418,250. Chapman uses the equity method for this investment. repare consolidation worksheet entries for December 31, 2020, and December 31, 2021 . (If no entry is required for a ransoction/event, select "No journal entry required" in the first occount field.)