Chapman Company obtains 100 percent of Abernethy Companys stock on January 1, 2017. As of that date, Abernethy has the following trial balance:

	Debit			Credit
Accounts payable				$	50,900
Accounts receivable	$	40,400
Additional paid-in capital					50,000
Buildings (net) (4-year remaining life)		128,000
Cash and short-term investments		68,750
Common stock					250,000
Equipment (net) (5-year remaining life)		407,500
Inventory		119,000
Land		82,000
Long-term liabilities (mature 12/31/20)					171,500
Retained earnings, 1/1/17					338,850
Supplies		15,600
Totals	$	861,250		$	861,250

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 Abernethys common stock for $756,500 in cash. As of January 1, 2017, Abernethys 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