Che 3 Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date, Abernethy has the following trial balance: Debit 10 points Credit $ 52,800 $ 49,500 8 04:19:30 50,000 174,000 84,000 250,000 eBook Accounts payable Accounts receivable Additional paid-in capital Buildings (net) (4-year remaining life) Cash and short-term investments Common stock Equipment (net) (5-year remaining life) Inventory Long-term liabilities (mature 12/31/23) Retained earnings, 1/1/20 Supplies Totals 315,000 137,500 90,500 Ask Land 188,500 323,600 Print References 14,400 $864,900 $ 864,900 During 2020, Abernethy reported net income of $129,000 while declaring and paying dividends of $16,000. During 2021, Abernethy reported net income of $176,000 while declaring and paying dividends of $38,000. Assume that Chapman Company acquired Abernethy's common stock by paying $768,600 in cash. All of Abernethy's accounts are estimated to have a fair value approximately equal to present book values. Chapman uses the partial equity method to account for its investment. Prepare the consolidation worksheet entries for December 31, 2020, and December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 Prepare entry S to eliminate stockholders' equity accounts of subsidiary. 2 Prepare entry A to recognize goodwill portion of the original acquisition fair value. 3 Prepare entry I to eliminate intra-entity income accrual for the current year based on the parent's usage of the partial equity method. 4 Prepare entry D to eliminate intra-entity dividend transfers. 5 Prepare entry E to recognize 2020 amortization expense. 6 Prepare entry *C to convert parent company fiqures to