Chapman Company obtains 100 percent of Abernethy Companys stock on January 1, 2023. As of that date, Abernethy has the following trial balance: Items Debit Credit Accounts payable - $ 58,300 Accounts receivable $ 43,500 - Additional paid-in capital - 50,000 Buildings (net) (4-year remaining life) 210,000 - Cash and short-term investments 83,250 Common stock - 250,000 Equipment (net) (5-year remaining life) 417,500 - Inventory 95,000 - Land 103,000 - Long-term liabilities (mature 12/31/26) - 163,000 Retained earnings, 1/1/23 - 445,850 Supplies 14,900 - Totals $ 967,150 $ 967,150 During 2023, Abernethy reported net income of $122,000 while declaring and paying dividends of $15,000. During 2024, Abernethy reported net income of $175,000 while declaring and