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				$	59,900
Accounts receivable	$	43,700
Additional paid-in capital					50,000
Buildings (net) (4-year remaining life)		123,000
Cash and short-term investments		80,500
Common stock					250,000
Equipment (net) (5-year remaining life)		270,000
Inventory		138,500
Land		118,500
Long-term liabilities (mature 12/31/23)					175,000
Retained earnings, 1/1/20					257,100
Supplies		17,800
Totals	$	792,000		$	792,000

During 2020, Abernethy reported net income of $112,000 while declaring and paying dividends of $14,000. During 2021, Abernethy reported net income of $163,250 while declaring and paying dividends of $54,000.

Assume that Chapman Company acquired Abernethys common stock by paying $686,100 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.)