the question the third (25 Marker) Company acquired Chapman On 100% of the shares of a company Abernethy on 1/1/2014. On that date, the trial balance of Abernethy Company was as follows: Creditor Debtor 50000 Accounts Payable 40000 Receivables 50000 additional capital 120000 buildings (4 years) 60,000 cash 250000 capital (shares) 200,000 Equipment (5 years) 90000 stock 80000 lands 150,000 Long-term commitments (31/12/2017) 100,000 Retained earnings 1/1/2014 10000 equipment 600,000 600.000 Total Page 3 of 5 During 2014, the company Abernethy reported making $80,000 in income while paying out $10,000 in dividends. During 2015, Abernethy recorded revenue of $110,000 while paying a dividend of $30,000. Alert the remaining operational life for the buildings account is 4 years and the equipment account is 5 years. Through the information on the company's trial balance Abernethy , Suppose that a company Chapman Bought shares of a company Abernethy with $490,000 in cash. At acquisition date. Abernethy's land was valued at $90,000, its buildings were valued at $160,000, and its equipment was valued at $180,000 (fair value). Note that Chapman uses the equity method for this investment Prove the worksheet entries necessary to prepare the consolidated financial statements on 31/12/2014 and 31/12/2015