Peanut Company acquired 100 percent of Snoopy Company's outstanding common stock for $316,000 on January 1, 20X8, when book value of Snoopy's net assets was equal to $316,000. Accumulated depreciation on this date was $16,000. Peanut chooses to carry the Investment in Snoopy at cost because the Investment will be consolidated. The following trial balance summarizes the financial position and operations for Peanut and Snoopy as of December 31, 209: Cash Peanut Company Debit Credit $ 231,000 Snoopy Company Debit Credit $ 85,000 Accounts Receivable Inventory Investment in Snoopy Company Land Buildings & Equipment 192,888 197,000 81,080 107,000 316,000 @ 217,000 111,000 709,000 205,000 Cost of Goods Sold 270,000 140,000 Depreciation Expense 65,000 16,888 Selling & Administrative Expense 239,000 66,000 Dividends Declared 241,000 36,000 Accumulated Depreciation $ 500,000 $ 48,888 Accounts Payable 61,000 18,680 Bonds Payable 144,000 77,000 Common Stock 485,000 199,000 Sales Retained Earnings Dividend Income Total 689,000 207,000 834,000 298,000 36,000 $2,677,000 $2,677,000 $847,000 $847,888 Required: a. Prepare any journal entry(les) related to the Investment In Snoopy Company during 20X9. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet A Record Peanut Co.'s 100% share of Snoopy Co.'s 20x9 dividend. Note: Enter debits before credits. Event 1 General Journal Debit Credit