Peanut Company acquired 90 percent of Snoopy Company's outstanding common stock for $270.000 on January 1. 20XS. when the book value of Snoopy's net assets was equal to $300.000 Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of December 31, 20XS. follow Cash Accounts Receivable Inventory Investment in Snoopy Company Land Buildings & Equipment Cost of Goods Sold Depreciation Expense S&A Expense Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings Sales Income from Snoopy Company Total Peanut Company Deblt S 153,000 165,000 200.000 319.500 200.000 700,000 200.000 50,000 225.000 100.000 $2.317.500 Credit S 450.000 75.000 200.000 500.000 225,000 800.000 67,500 $2.317,500 Required a Prepare any equity-method entry(ies) related to the investment in Snoopy Company during 20XS b Prepare a consolidation worksheet for 20XS in good form. Snoopy Company Debit S 80.000 65.000 75.000 0 100,000 200.000 125.000 10.000 40,000 20,000 S715.000 Credit S 20,000 60.000 $5,000 200,000 100,000 250,000 0 S715.000

follow Required a Prepare anv equify-method entry(ies) related to the investment in snoopy Company during 20X3 14. Prepare a consolidstion worksheet for 20x3 in good form