Peanut Company acquired 100 percent of Snoopy Company's outstanding common stock for $318,000 on January 1 , 20X8, when the book value of Snoopy's net assets was equal to $318,000. Accumulated depreciation on this date was $17,000. Peanut uses the equity method to account for investments. The following trial balance summarizes the financiai postion and operations for Peanut and Snoopy as of December 31,209. (Assume the company prepares the optional Accumulated Depreciation Elmination Entry) Required: Q. Prepare any equity method joumal entry(les) related to the investment in Snoopy Company during 209. b. Prepare a consolidation worksheet for 209