need help with fix those error .Also need transaction for 1 and 7 if need any .Thanks .

Problem 3-19 (Static) (LO 3-3a) Chapman Company obtains 100 percent of Abernethy Company's stock on January 1 2020 As of that date Abernethy has the Following thal balance Debit Crest 50,000 $40,000 50,000 120.000 60,000 Accounts payable Accounts recevable Additional pald-in capital Bulldines (het) (4-year roining life) Cash and short-term investments Common stoc Equioment (net) (5-year remaining life) Tnventory Land Long-term birties (mature 12/31/25) Retained earnings, 1/1/20 Supplies Total 250,000 200,000 90,000 80,000 150,000 100,00 10,000 5600,000 3600,000 During 2020, Abernethy reported net income of $80,000 while decaring and paying dividends of $30,000 During 2021 Abernethy reported net income of $10,000 while decoring and paying dividends of 530,000 aw 31 Ret Assume that Chapman Company acquired Abernethy's common stock for $490,000 in cash As of January 1 2020, Abernethy's land had a fair value of $90.000, its buildings were valued at $150,000, and its equipment was appraised at $180,000. Chapman uses the equity method for this investment Prepare 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.) * Answer is not complete. NO Dato December 31, 2004 No Transaction Recorded Accounts Dobit Credit 1 2 December 31, 2021 Common stock - Abernethy Additional din Capital Retained earings - 1/1/20 Investment in Abemethy 0000 250,000 50,000 100.000 Bolo 470,000 3 December 31, 202 Land Buildings Goodwill En DO 10.000 30,000 50.000 ton 3 December 31, 2020 Land Buildings Goodwill Equipment Investment in Abernethy 10,000 30.000 60,000 > 16.000 84,000 4 December 31, 2020 Equity in subsidiary earnings Investment in Abernethy SIS 104.000 104,000 5 December 31, 202 Investment in Abernethy Dividends declared 30,000 $ 30,000 6 December 31, 202 Depreciation experte Equipment Buildings 6.000 0 4,000 10.000 December 31,202 No Transaction Recorded 7 December 31, 202 No Transaction Recorded 8 December 31, 202 Common stock --Abernethy Additional paid in capital Retained earnings - 1/1/21 Investment in Abemethy 250,000 50.000 170,000 470,000 9 December 31, 202 Land Buildings Goodwill Equipment Investment in Abemethy 10,000 40,000 60,000 20.000 90.000 10 December 31, 202 Equity in subsidiary earnings Investment in Abernethy 74,000 74.000 3 11 December 21, 202 Investment in Abemethy Dividends declared 10,000 10.000 Equipment Investment in Abernethy 20,000 90,000 10 December 31, 202 Equity in subsidiary earnings Investment in Abernethy 74,000 > 74,000 11 December 31, 202 Investment in Abernethy Dividends declared 10,000 $ 10,000 12 December 31, 202 Depreciation expense Equipment Buildingo 6,000 4,000 B 10,000 Prox 1 of 5 18: Next > Problem 3-19 (Static) (LO 3-3a) Chapman Company obtains 100 percent of Abernethy Company's stock on January 1 2020 As of that date Abernethy has the Following thal balance Debit Crest 50,000 $40,000 50,000 120.000 60,000 Accounts payable Accounts recevable Additional pald-in capital Bulldines (het) (4-year roining life) Cash and short-term investments Common stoc Equioment (net) (5-year remaining life) Tnventory Land Long-term birties (mature 12/31/25) Retained earnings, 1/1/20 Supplies Total 250,000 200,000 90,000 80,000 150,000 100,00 10,000 5600,000 3600,000 During 2020, Abernethy reported net income of $80,000 while decaring and paying dividends of $30,000 During 2021 Abernethy reported net income of $10,000 while decoring and paying dividends of 530,000 aw 31 Ret Assume that Chapman Company acquired Abernethy's common stock for $490,000 in cash As of January 1 2020, Abernethy's land had a fair value of $90.000, its buildings were valued at $150,000, and its equipment was appraised at $180,000. Chapman uses the equity method for this investment Prepare 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.) * Answer is not complete. NO Dato December 31, 2004 No Transaction Recorded Accounts Dobit Credit 1 2 December 31, 2021 Common stock - Abernethy Additional din Capital Retained earings - 1/1/20 Investment in Abemethy 0000 250,000 50,000 100.000 Bolo 470,000 3 December 31, 202 Land Buildings Goodwill En DO 10.000 30,000 50.000 ton 3 December 31, 2020 Land Buildings Goodwill Equipment Investment in Abernethy 10,000 30.000 60,000 > 16.000 84,000 4 December 31, 2020 Equity in subsidiary earnings Investment in Abernethy SIS 104.000 104,000 5 December 31, 202 Investment in Abernethy Dividends declared 30,000 $ 30,000 6 December 31, 202 Depreciation experte Equipment Buildings 6.000 0 4,000 10.000 December 31,202 No Transaction Recorded 7 December 31, 202 No Transaction Recorded 8 December 31, 202 Common stock --Abernethy Additional paid in capital Retained earnings - 1/1/21 Investment in Abemethy 250,000 50.000 170,000 470,000 9 December 31, 202 Land Buildings Goodwill Equipment Investment in Abemethy 10,000 40,000 60,000 20.000 90.000 10 December 31, 202 Equity in subsidiary earnings Investment in Abernethy 74,000 74.000 3 11 December 21, 202 Investment in Abemethy Dividends declared 10,000 10.000 Equipment Investment in Abernethy 20,000 90,000 10 December 31, 202 Equity in subsidiary earnings Investment in Abernethy 74,000 > 74,000 11 December 31, 202 Investment in Abernethy Dividends declared 10,000 $ 10,000 12 December 31, 202 Depreciation expense Equipment Buildingo 6,000 4,000 B 10,000 Prox 1 of 5 18: Next >