Can you help with answering the following?

1) Record the initial investment in Snoopy

2) Record Peanut Co 100% share of Snoopy 20X8 Income

3) Record Peanut Co 100% share of Snoopy 20X8 Dividend

Peanut Company acquired 100 percent of Snoopy Company's outstanding common stock for $309,000 on January 1, 20X8, when the book value of Snoopy's net assets was equal to $309,000. Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of December 31, 20X8, are as follows: Snoopy Company Debit Credit $ 87,000 70,000 82,000 Cash Accounts Receivable Inventory Investment in Snoopy Company Land Buildings & Equipment Cost of Goods Sold Depreciation Expense Selling & Administrative Expense Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings Sales Income from Snoopy Company Total Peanut Company Debit Credit $ 139,000 166,000 206,000 348,000 201,000 716,000 202,000 55,000 228,000 103,000 $ 438,000 75,000 196,000 488,000 301,000 790,000 76,000 $2,364,000 $2,364,000 89,000 184,000 134,000 16,000 44,000 37,000 $ 32,000 60,000 72,000 209,000 100,000 270,000 0 $743,000 $743,000 (Assume the company prepares the optional Accumulated Depreciation Elimination Entry) Required: a. Prepare the journal entries on Peanut's books for the acquisition of Snoopy on January 1, 20X8, as well as any normal equity method entry(ies) related to the investment in Snoopy Company during 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)