Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does no) Chapman Company obtains 100 percent of Abernethy Company's stock on January 1,2020 . As of that date, Abernethy has the following trial balance: 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 $696,650 in cash. As of January 1, 2020, Abernethy's land had a fair value of $124,300, its buildings were valued at $200,000, and its equipment was appraised at $305,750. Chapman 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.) 2 1 points 1 2 points Answer is not complete