please show all work including GW formula, journal entries, schedule of amortization/ depreciation ( if applicable), and WPE.

Questions 19-21 Problems 19 through 21 should be viewed as independent situations. They are based on the following data: Chapman Company obtains 100 percent of Abernethy Company's stock on January 1. 2017. As of that date. Abernethy has the following trial balance: chey 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 Land Long-term liabilities (mature 12/31/20) Retained earnings, 1/1/17 Supplies Totals Debit Credit $ 50.000 $ 40.000 50.000 120.000 60.000 250,000 200.000 90,000 80.000 150.000 100,000 10.000 $600.000 $600.000 During 2017, Abernethy reported net income of $80,000 while declaring and paying dividends of $10,000. During 2018. Abernethy reported net income of $110.000 while declaring and paying dividends of $30,000. Ogs LO 3-3a me time teperempang mequmeester ware walmed at $160.000 and it caninment Decemoer , 2017 LO 3-3 LO 3-3c@ 21. Assume that Chapman Company acquired Abernethy's common stock by paying $520,000 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, 2017, d Questions 19-21 Problems 19 through 21 should be viewed as independent situations. They are based on the following data: Chapman Company obtains 100 percent of Abernethy Company's stock on January 1. 2017. As of that date. Abernethy has the following trial balance: chey 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 Land Long-term liabilities (mature 12/31/20) Retained earnings, 1/1/17 Supplies Totals Debit Credit $ 50.000 $ 40.000 50.000 120.000 60.000 250,000 200.000 90,000 80.000 150.000 100,000 10.000 $600.000 $600.000 During 2017, Abernethy reported net income of $80,000 while declaring and paying dividends of $10,000. During 2018. Abernethy reported net income of $110.000 while declaring and paying dividends of $30,000. Ogs LO 3-3a me time teperempang mequmeester ware walmed at $160.000 and it caninment Decemoer , 2017 LO 3-3 LO 3-3c@ 21. Assume that Chapman Company acquired Abernethy's common stock by paying $520,000 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, 2017, d