Peanut Company acquired 100 percent of Snoopy Companys outstanding common stock for $316,000 on January 1, 20X8, when the book value of Snoopys net assets was equal to $316,000. Accumulated depreciation on this date was $14,000. 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: Peanut Company Snoopy Company Debit Credit Debit Credit Cash $ 235,000 $ 79,000 Accounts Receivable 209,000 97,000 Inventory 189,000 106,000 Investment in Snoopy Stock 443,000 0 Land 200,000 100,000 Buildings and Equipment 707,000 212,000 Cost of Goods Sold 286,000 137,000 Depreciation Expense 66,000 14,000 Selling & Administrative Expense 242,000 71,000 Dividends Declared 235,000 34,000 Accumulated Depreciation $ 511,000 $ 42,000 Accounts Payable 61,000 33,000 Bonds Payable 137,000 76,000 Common Stock 489,000 185,000 Retained Earnings 710,000 234,000 Sales 846,000 280,000 Income from Snoopy 58,000 0 Total $ 2,812,000 $ 2,812,000 $ 850,000 $ 850,000

Prepare a consolidation worksheet for 20X9. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, 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.)