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 55,300 $ $ 45,800 50,000 197,000 81,500 250,000 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 Long-term liabilities (mature 12/31/20) Retained earnings, 1/1/17 Supplies Totals 345,000 124,500 125,000 Land 176,500 402.90 15,900 $934.700 914,700 During 2017. Abernethy reported net income of $124,500 while declaring and paying dividends of $16,000. During 2018, Abernethy reported net income of $167750 while declaring and paying dividends of $41,000 Assume that Chapman Company acquired Abernethy's common stock for $819,850 in cash. As of January 1, 2017 Abernethy's land had a fair value of $141,900, its buildings were valued at $251,800, and its equipment was appraised at $306750. Chapman uses the equity method for this investment Prepare 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.) view transaction list Consolidation Worksheet Entries