Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2017. As of that date, Abernethy has the following trial balance: Debit Credit Accounts payable $ 58,000 Accounts receivable $ 40,200 Additional paidin capital 50,000 Buildings (net) (4-year remaining life) 170,000 Cash and shortterm investments 66,750 Common stock 250,000 Equipment (net) (5year remaining life) 372,500 Inventory 109,500 Land 116,000 Longterm liabilities (mature 12/31/20) 165,000 Retained earnings, 1/1/17 369,150 Supplies 17 , 200 Totals $892,150 $892,150 [ During 2017, Abernethy reported net income of $106,500 while declaring and paying dividends of $13,000. During 2018, Abernethy reported net income of $142,750 while declaring and paying dividends of $51,000. Assume that Chapman Company acquired Abernethy's common stock by paying $886,150 in cash. All of Abernethy's 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, 2017, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)