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I have tried to get this answer for a week already and i have had no answer. Could i please get an answer for both

image text in transcribedI have tried to get this answer for a week already and i have had no answer. Could i please get an answer for both parts of this question??? would greatly appreciate it

On January 1, 2021, Peanut Company acquired 90% of Snickers Corporation's common shares at underlying book value. The fair value of the noncontrolling interest was equal to 10% of the book value of Snickers at that date. Peanut uses the equity method with consolidation in accounting for its ownership of Snickers. On December 31, 2021, the trial balances of the two companies are as follows: Peanut Co. Debit Credit Snickers Corp. Debit Credit Item $120,000 225,000 $200,000 300,000 139,500 100,000 30,000 30,000 60,000 25,000 10,000 Current Assets Depreciable Assets Investment in Snickers Co. Other Expenses Depreciation Expense Dividends Declared Accumulated Depreciation Current Liabilities Long-Term Debt Common Stock Retained Earnings Sales Income from Snickers Co. $120,000 62,000 75,000 100,000 120,000 300,000 22,500 $799,500 $ 75,000 25,000 90,000 75,000 65,000 110,000 $799,500 $440,000 $440,000 Required: Prepare an Excel document with one tab for each of the following. 1. Prepare the journal entries on Peanuts books for the acquisition of Snickers on January 1, 2021, as well as any normal equity-method entry(ies) related to the investment in Snickers during 2021. 2. Prepare a three-part consolidation worksheet (as reviewed in our text, page 111, Figure 3-3) as of December 31, 2021 in good form. On January 1, 2021, Peanut Company acquired 90% of Snickers Corporation's common shares at underlying book value. The fair value of the noncontrolling interest was equal to 10% of the book value of Snickers at that date. Peanut uses the equity method with consolidation in accounting for its ownership of Snickers. On December 31, 2021, the trial balances of the two companies are as follows: Peanut Co. Debit Credit Snickers Corp. Debit Credit Item $120,000 225,000 $200,000 300,000 139,500 100,000 30,000 30,000 60,000 25,000 10,000 Current Assets Depreciable Assets Investment in Snickers Co. Other Expenses Depreciation Expense Dividends Declared Accumulated Depreciation Current Liabilities Long-Term Debt Common Stock Retained Earnings Sales Income from Snickers Co. $120,000 62,000 75,000 100,000 120,000 300,000 22,500 $799,500 $ 75,000 25,000 90,000 75,000 65,000 110,000 $799,500 $440,000 $440,000 Required: Prepare an Excel document with one tab for each of the following. 1. Prepare the journal entries on Peanuts books for the acquisition of Snickers on January 1, 2021, as well as any normal equity-method entry(ies) related to the investment in Snickers during 2021. 2. Prepare a three-part consolidation worksheet (as reviewed in our text, page 111, Figure 3-3) as of December 31, 2021 in good form

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