Chapman Company obtains 100 percent of Abernethy Companys stock on January 1, 2020. As of that date, Abernethy has the following trial balance: Debit Credit Accounts payable $ 55,300 Accounts receivable $ 45,800 Additional paid-in capital 50,000 Buildings (net) (4-year remaining life) 197,000 Cash and short-term investments 81,500 Common stock 250,000 Equipment (net) (5-year remaining life) 345,000 Inventory 124,500 Land 125,000 Long-term liabilities (mature 12/31/23) 176,500 Retained earnings, 1/1/20 402,900 Supplies 15,900 Totals $ 934,700 $ 934,700 During 2020, Abernethy reported net income of $124,500 while declaring and paying dividends of $16,000. During 2021, Abernethy reported net income of $167,750 while declaring and paying dividends of $41,000. Assume that Chapman Company acquired Abernethys common stock by paying $880,900 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 the consolidation worksheet entries for December 31, 2020, and December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)