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following trial balance: Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date, Abernethy has the Debit Accounts payable Credit LA Accounts receivable 57 , 300 Additional paid-in capital $ 42 , 200 50, 000 Buildings (net) (4-year remaining life) 214, 000 Cash and short-term investments 82, 250 Common stock 250, 000 Equipment (net) (5-year remaining life) 375,000 Inventory 90 , 500 Land 117, 000 Long-term liabilities (mature 12/31/23) 170, 006 Retained earnings, 1/1/20 409, 650 Supplies 16, 000 Totals $936 , 950 $ 936, 950 During 2020, Abernethy reported net income of $117,500 while declaring and paying dividends of $15,000. During 2021, Abernethy reported net income of $171,250 while declaring and paying dividends of $55,000. Assume that Chapman Company acquired Abernethy's common stock for $860,500 in cash. As of January 1, 2020, Abernethy's land had a fair value of $132,000, its buildings were valued at $287,600, and its equipment was appraised at $352,500. 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.)