please show work.

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 Credit Accounts payable $ 57,700 Accounts receivable $ 45, 000 Additional paid-in capital 50,000 Buildings (net) (4-year remaining life) 124, 000 Cash and short-term investments 68, 250 Common stock 250,000 Equipment (net) (5-year remaining life) 327,500 Inventory 103, 000 Land 106 , 000 Long-term liabilities (mature 12/31/23) 183, 500 Retained earnings, 1/1/20 252, 350 Supplies 19, 800 Totals $793, 550 $ 793, 550 During 2020, Abernethy reported net income of $101,000 while declaring and paying dividends of $13,000. During 2021, Abernethy reported net income of $152,000 while declaring and paying dividends of $39,000. Assume that Chapman Company acquired Abernethy's common stock for $664,740 in cash. Assume that the equipment and long-term liabilities had fair values of $349,250 and $151,060, respectively, on the acquisition date. Chapman uses the initial value method to account for its 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.)