Peanut Company acquired 90 percent of Snoopy Company's outstanding common stock for $341,100 on January 1, 208, when the book value of Snoopy's net assets was equal to $379,000. 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. Prepore a consolidated balance sheet on the acquisition date, January 1, 208. Complete this question by entering your answers in the tabs below. Prepare the journal entry on Peanut's books for the acquisition of Snoopy on Janvary 1, 20X8. Notei if no entry is required for a transaction/event, select "No joumal entry required" in the first account held