Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date, Abemethy has the following trial balance: During 2020, Abernethy reported net income of $126,000 while declaring and paying dividends of $16,000, During 2021, Abernetry reported net income of $174,000 while declaring and paying dividends of $49,000. Assume that Chapman Company acquired Abernethy's common stock for $773,550 in cash. As of January 1,2020, Abernethy's land had a fair value of $104,200, its buildings were valued at $208,800, and its equipment was appraised at $396.500. Chapman uses the equity method for this investment. Prepare consolidation worksheet entries for December 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)