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				$	55,800
Accounts receivable	$	42,500
Additional paid-in capital					50,000
Buildings (net) (4-year remaining life)		209,000
Cash and short-term investments		67,250
Common stock					250,000
Equipment (net) (5-year remaining life)		357,500
Inventory		136,000
Land		114,000
Long-term liabilities (mature 12/31/23)					168,500
Retained earnings, 1/1/20					414,650
Supplies		12,700
Totals	$	938,950		$	938,950

During 2020, Abernethy reported net income of $104,500 while declaring and paying dividends of $13,000. During 2021, Abernethy reported net income of $137,750 while declaring and paying dividends of $34,000.

Assume that Chapman Company acquired Abernethys common stock by paying $921,650 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.)