Saved Chapman Company obtains 100 following trial balance: percent of Abernethy Company's stock on January 1, 2017. As of that date, Abernethy has the $ 59,900 s 43,700 0,000 Accounts payable ccounts receivable Additional paid-is capital 02 5924B1dings (net) 14-year renaining lite) 123,000 0,500 Cash and sheet-tern investnents Comnos stock tguipnent (eet) (s-year renaining lite) 250,000 270,000 38 , 500 19,500 Inventory Land Long-torm labilities (nature 12/31/20) Retalned earnings, 1/1/17 Supplies 175,000 257,100 Totals 792, 000 792,000 Ouring 2017, Abernethy reported net income of $112,000 while declaring and paying dividends of $14,000. During 2018, Abernethy reported net income of $163,250 while declaring and paying dividends of $54,000 Assume that Chapman Company acquired Abernethy's common stock for $662,740 in cash. Assume that the equipment and long term liabilities had fair values of $290700 and $141,560, respectively, on the acquisition date. Chapman uses the initial value method to account for its investment Prepare consolidation worksheet entries for December 31, 2017, and December 31, 2018. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.)