Chapman Company obtains 100 percent of Abernethy Companys stock on January 1, 2017. As of that date, Abernethy has the following trial balance:

	Debit			Credit
Accounts payable				$	55,300
Accounts receivable	$	45,800
Additional paid-in capital					50,000
Buildings (net) (4-year remaining life)		197,000
Cash and short-term investments		81,500
Common stock					250,000
Equipment (net) (5-year remaining life)		345,000
Inventory		124,500
Land		125,000
Long-term liabilities (mature 12/31/20)					176,500
Retained earnings, 1/1/17					402,900
Supplies		15,900
Totals	$	934,700		$	934,700

During 2017, Abernethy reported net income of $124,500 while declaring and paying dividends of $16,000. During 2018, Abernethy reported net income of $167,750 while declaring and paying dividends of $41,000.

Assume that Chapman Company acquired Abernethys common stock for $813,060 in cash. Assume that the equipment and long-term liabilities had fair values of $368,400 and $143,940, respectively, on the acquisition date. Chapman uses the initial value method to account for its investment.

Prepare consolidation worksheet entries for December 31, 2017, and December 31, 2018.