Peanut Company acquired 90 percent of Snoopy Company's outstanding common stock for $310,500 on January 1,208, when the book value of Snoopy's net assets was equal to $345,000. Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of December 31, 20X8, follow: Required: a. Prepare any equity method entry(les) related to the investment in Snoopy Company during 208 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field