Peanut Company acquired 80 percent of Snoopy Company's outstanding common stock for $290,400 on January 1,208, when the book value of Snoopy's net assets was equal to $363,000. Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of January 1, 20X8, follow: Required: a. Prepare the journal entry on Peanut's books for the acquisition of Snoopy on January 1, 20X8. b. Prepare a consolidation worksheet on the acquisition date, January 1, 208. c. Prepare a consolidated balance sheet on the acquisition date, January 1, 208. Prepare a consolidated balance sheet on the acquisition date, January 1,208. Amounts to be deducted should be indicated by a minus sign