Peanut Company acquired $100$ percent of Snoopy Company's outstanding common stock fu$,$ $$317,000$ on January $1,208,$ when the book value of Snoopy's net assets was equal to $$317,000.$ Accumulated depreciation on this date was $$19,000.$ 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 $31,20$X$9$:

$\backslash$table$[[$Cash$,$Peanut Company,Snoopy Company$],[$Debit$,$Credit,Debit,Credit$],[$Accounts Receivable,$$250,000,,$$$76,000,],[$Inventory$,193,000,,96,000,],[$Investment in Snoopy Company,$193,000,,102,000,],[$Land$,425,000,,0,],[$Buildings and Equipment,$\backslash$table$[[210,000],[716\mathrm{.}000]],,100,000,],[$Cost of Goods Sold,$\backslash$table$[[716,000],[290,000]],,210,000,],[$Depreciation Expense,$290,000$

$59\mathrm{.}000,,139,000,],[$Selling and Administrative Expense,$59,000$

$244\mathrm{.}000,,19,000,],[$Dividends Declared,$\backslash$table$[[\backslash$table$[[244,000],[225,000]]]],,\backslash$table$[[\backslash$table$[[79,000],[39,000]]]],],[$Accumulated Depreciation,,$$512,000,,$$$57,000$