Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date. Abernethy has the following trial balance: Accounts payable Accounts receivable Additional paid-in capital Buildings (net) (4-year remaining life) Cash and short-term investments Common stock Equipment (net) (5-year remaining life) Inventory Land Long-term Liabilities (mature 12/31/23) Retained earnings, 1/1/20 Supplies Totals Debit Credit $ 50,000 $ 40,000 50,000 120,000 60,000 250,000 200,000 90,000 80,000 150,000 100,000 10,000 $600,000 $600,000 During 2020, Abernethy reported net income of $80,000 while declaring and paying dividends of $10,000 During 2021. Abernethy reported net income of $110,000 while declaring and paying dividends of $30,000 Assume that Chapman Company acquired Abernethy's common stock by paying $520,000 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, 2020, and December 31, 2021. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Consolidation Worksheet Entries