Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2014. As of that date, Abernethy has the following trial balance Credit $ 59,500 Debit 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 12/31/17) Retained earnings, 1/1/14 Supplies $ 46,600 50,000 145,000 84,250 250,000 257,500 106,000 129,000 151,000 273,050 15,200 Totals $783,550 $783,550 During 2014, Abernethy reported net income of $98,500 while declaring and paying dividends of $12,000 During 2015, Abernethy reported net income of $132,250 while declaring and paying dividends of $48,000 Assume that Chapman Company acquired Abernethy's common stock for $699,850 in cash. As of January 1, 2014, Abernethy's land had a fair value of $141,400, its buildings were valued at $217,400, and its equipment was appraised at $217,500. 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.)