Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2014. As of that date, Abernethy has the following trial balance Debit Credit $ 53,700 Accounts payable Accounts receivable Additional paid-in capital Buildings (net) (4-year life) Cash and short-term investments Common stock Equipment (net) (5-year life) Inventory Land Long-term liabilities (mature 12/131/17) Retained earnings, 1/1/14 Supplies $ 41,000 50,000 184,000 77,250 250,000 400,000 117,500 107,500 173,000 417,450 16,900 Totals $944, 150 $944,150 During 2014, Abernethy reported net income of $98,000 while declaring and paying dividends of $12,000. During 2015, Abernethy reported net income of $128,250 while declaring and paying dividends of $39,000 Assume that Chapman Company acquired Abernethy's common stock for $851,300 in cash. As of January 1, 2014, Abernethy's land had a fair value of $124,200, its buildings were valued at $254,400, and its equipment was appraised at $378,500. Chapman uses the equity method for this investment Prepare consolidation worksheet entries for December 31, 2014, and December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)