Peanut Company acquired 80 percent of Snoopy Company's outstanding common stock for $265,600 on Jariuary 1.208, when the book value of Snoopy's net assets was equal to $332,000. 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. (If no entry is required for a transoction/event, select "No journol entry required" in the first occount field.) Required: a. Prepare the journal entry on Peanut's books for the acquisition of Snoopy on January 1,20X8. (If no entry is required for a transoction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet b. Prepare a consolidation worksheet on the acquisition date, January 1, 208, (Values in the first two columns (the "porent" and "subsidiory" bolances) that ore to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered os positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this omount in the debit column of the worksheet. Similarly, combine all credit entries into one omount and enter this amount in the credit column of the worksheet.) c. Prepare a conisolidated balance sheet on the acquistion date, January 1, 20X8 (Amounts to be deducted should be indicoted by a minus sign.)