There should be 12 enteries. Thanks!

hapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2020. As of that date, Abernethy has the ollowing trial balance: uring 2020, Abernethy reported net income of $103,000 while declaring and paying dividends of $13,000. During 2021, Aberneths eported net income of $144,250 while declaring and paying dividends of $58,000. issume that Chapman Company acquired Abernethy's common stock for $694,300 in cash. As of January 1, 2020, Abernethy's lan ad a fair value of $142,700, its buildings were valued at $210,000, and its equipment was appraised at $264,000. Chapman uses th quity method for this investment. repare consolidation worksheet entries for December 31, 2020, and December 31, 2021. (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.)