$\backslash$table$[[,$Debit,Credit$],[$Accounts payable,,$$52,400$Chapman Company obtains $100$ percent of Abernethy Company$$s stock on January $1,2020.$ As of that date, Abernethy has the following trial balance:

During $2020,$ Abernethy reported net income of $$86,000$ while declaring and paying dividends of $$11,000.$ During $2021,$ Abernethy reported net income of $$124,500$ while declaring and paying dividends of $$47,000.$

Assume that Chapman Company acquired Abernethy$$s common stock for $$675,160$ in cash. Assume that the equipment and long$-$term liabilities had fair values of $$284,350$ and $$142,140,$ respectively, on the acquisition date. Chapman uses the initial value method to account for its 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.$)$

$1$

Prepare entry S to eliminate stockholders' equity accounts of subsidiary.

$2$

Prepare entry A to recognize allocations in connection with acquisition$-$date fair values.

$3$

Prepare entry I to eliminate intra$-$entity dividends.

$4$

Prepare entry E to recognize $2020$ amortization expense.

$5$

Prepare entry $*$C to convert parent company figures to equity method.

$6$

Prepare entry S to eliminate stockholders' equity accounts of subsidiary for $2021.$

$7$

Prepare entry A to recognize allocations attributed to specific accounts at acquisition date for $2021.$

$8$

Prepare entry I to eliminate intra$-$entity dividends.

$9$

Prepare entry E to recognize $2021$ amortization expense.