and prepare a consolidation worksheet for 20x28

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. Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as or December 31, 20x8, are as follows (Assume the company prepares the optionat Accumuated Depreciation Elimination Entiy) Required: a Prepale the journal entries on Peanut's books for the acquisition of Snoopy on Jancary 1208, as well as any normal equaty method entryles) refaled to the investinent in Snpopy Company during 208, of no entry is required for a tronsoction/event, select "No journal entry required" in the first occount field