Peanut Company acquired $80$ percent of Snoopy Company's outstanding common stock for $$291,200$ on January $1,20$X$8,$ when the book value of Snoopy's net assets was equal to $$364,000.$ Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of January $1,20$X$8,$ follow:

$\backslash$table$[[,$Peanut Company Snoopy Company,$],[$Assets$,56,000,$$$31,000$