Garcia Co. acquired all of the common stock of Lee Co. on January 1, 2020. As of that date, Lee had the following trial balance:

	DEBIT			CREDIT
ACCOUNTS PAYABLE				$	60,000
ACCOUNTS RECEIVABLE	$	50,000
ADDITIONAL PAID-IN CAPITAL					60,000
BUILDINGS (NET) (20-YEAR LIFE)		140,000
CASH AND SHORT-TERM INVESTMENTS		70,000
COMMON STOCK					300,000
EQUIPMENT (NET) (8-YEAR LIFE)		240,000
INTANGIBLE ASSETS (INDEFINITE LIFE)		110,000
LAND		90,000
LONG-TERM LIABILITIES (MATURE 12/31/22)					180,000
RETAINED EARNINGS, 1/1/20					120,000
SUPPLIES		20,000
TOTALS	$	720,000		$	720,000
During 2020, Lee reported net income of $96,000 while paying dividends of $12,000. During 2021, Lee reported net income of $132,000 while paying dividends of $36,000. Assume that Garcia Co. acquired the common stock of Lee for $588,000 in cash. As of January 1, 2020, Lee's land had a fair value of $102,000, its buildings were valued at $188,000, and its equipment was appraised at $216,000. Any excess of consideration transferred over fair value of assets and liabilities acquired is due to an unamortized patent to be amortized over 10 years. Garcia decided to use the equity method for this investment. Required: (A) Prepare consolidation worksheet entries for December 31, 2020. (B) Prepare consolidation worksheet entries for December 31, 2021. NOTE: For all consolidation entries, label them as S, A, I, D, or E. Do not prepare a worksheet.