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Peanut Company acquired 100 percent of Snoopy Company's outstanding common stock for $313,000 on January 1,208, when the book value of Snoopy's net assets was equal to $313,000. Accumulated depreciation on this date was $17,000. Peanut uses the equity method to account for investments. The following trial balance summarizes the financial position and operations for Peanut and Snoopy as of December 31, 20x9: (Assume the company prepares the optional Accumulated Depreciation Elimination Entry.) Required: a. Prepare any equity method journal entry(ies) related to the investment in Snoopy Company during 209. b. Prepare a consolidation worksheet for 209. (Assume the company prepares the optional Accumulated Depreciation Elimination Entry.) Required: a. Prepare any equity method journal entry(ies) related to the investment in Snoopy Company during 209. b. Prepare a consolidation worksheet for 209. Complete this question by entering your answers in the tabs below. Prepare any equity method journal entry(ies) related to the investment in Snoopy Company during 209. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record Peanut Company's 100\% share of Snoopy Company's 209 income. Note: Enter debits before credits. while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet

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