Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date. Abernethy has the following trial balance: Debit Credit $ 50, 800 $ 48,200 50,000 161,000 81,750 250,000 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 242,500 135,500 129,500 167,000 297,350 16,700 $815, 150 S815, 150 During 2020. Abernethy reported net income of $90,000 while declaring and paying dividends of $11,000. During 2021. Abernethy reported net income of $134,750 while declaring and paying dividends of $34,000. Assume that Chapman Company acquired Abernethy's common stock by paying $737,350 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 requlred for a transaction/event, select "No journal entry required" In the first account fleld.) view transaction list transaction list No Date Accounts Debit Credit