Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2023. As of that date, Abernethy has the following trial balance: Items Debit Credit Accounts receivable Accounts payable Additional paid-in capital $ 58,000 $ 40,200 50,000 Buildings (net) (4-year remaining life) 170,000 Cash and short-term investments 66,750 Common stock 250,000 Equipment (net) (5-year remaining life) Inventory 372,500 109,500 Land 116,000 Long-term liabilities (mature 12/31/26) 165,000 Retained earnings, 1/1/23 369,150 Supplies Totals 17,200 $ 892,150 $ 892,150 During 2023, Abernethy reported net income of $106,500 while declaring and paying dividends of $13,000. During 2024, Abernethy reported net income of $142,750 while declaring and paying dividends of $51,000. Assume that Chapman Company acquired Abernethy's common stock for $759,900 in cash. As of January 1, 2023, Abernethy's land had a fair value of $126,400, its buildings were valued at $211,600, and its equipment was appraised at $344,500. Chapman uses the equity method for this investment. Required: Prepare consolidation worksheet entries for December 31, 2023, and December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.