During 2020, Abernethy reported net income of $101 , 000 while declaring and paying dividends of \$13,000. During 2021, Abernethy reported net income or $152 , 000 while declaring and paying dividends of $39 , 000 . Assume that Chapman Company acquired Abemethy's common stock for $696 , 650 in cash. As of January 1, 2020, Abernethys land had a tair value of $124 , 300 , its buildings were valued at $200 , 000 , and its equipment was appraised ot $305 , 750 . Chapruan uses the equity method for this 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.) During 2020, Abernethy reported net income of $101 , 000 while declaring and paying dividends of \$13,000. During 2021, Abernethy reported net income or $152 , 000 while declaring and paying dividends of $39 , 000 . Assume that Chapman Company acquired Abemethy's common stock for $696 , 650 in cash. As of January 1, 2020, Abernethys land had a tair value of $124 , 300 , its buildings were valued at $200 , 000 , and its equipment was appraised ot $305 , 750 . Chapruan uses the equity method for this 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.)