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				$	52,800
Accounts receivable	$	49,500
Additional paid-in capital					50,000
Buildings (net) (4-year remaining life)		174,000
Cash and short-term investments		84,000
Common stock					250,000
Equipment (net) (5-year remaining life)		315,000
Inventory		137,500
Land		90,500
Long-term liabilities (mature 12/31/23)					188,500
Retained earnings, 1/1/20					323,600
Supplies		14,400
Totals	$	864,900		$	864,900

During 2020, Abernethy reported net income of $129,000 while declaring and paying dividends of $16,000. During 2021, Abernethy reported net income of $176,000 while declaring and paying dividends of $38,000.

Assume that Chapman Company acquired Abernethys common stock for $733,100 in cash. As of January 1, 2020, Abernethys land had a fair value of $101,000, its buildings were valued at $242,000, and its equipment was appraised at $279,500. Chapman uses the equity method for this investment.

Prepare consolidation worksheet entries for December 31, 2020, and December 31, 2021