Chapman Company obtains 100 percent of Aborothy Company's stock on January 1, 2020. As of that date. Abernathy has the following a balance Debit Credit $ 54,100 $48,500 110,000 66,00 50.000 250.000 Accounts payable Accounts receivable Alonel dan capital building 4 yearing) Cath and his rements Come stock Plant () (5-year ringte) Inventory and Long blittle wature 12/01/21) Rutated 1/1/2 SIL Total 497.500 109,000 19.000 178,500 358,00 ho 11.40 SAS, 400 $293.400 Durina 2020. Abernetty reported net income of $125,000 while declaring and paying dividends of $16.000 During 2021. Abemetry reported net income of $174.000 while declaring and paying dividends of $49.000. Assume that Chapman Company acquired Abernathy's common stock for $773,550 in cash. As of January 2020. Abemothy's land had a far va ue of $104,200. its buildings were valued at $208.800, and its equipment was appraised at $396.500. Chapman uses the equity method for this investment Prepare consolidon worksheet entries for December 31, 2020, and December 31, 2021 fno entry is required for a transaction event, select "No joumal entry required in the first account field) ats View transactions Consolidation Worksheet Entries