1. Peanut Company acquired 90 percent of Snoopy Companys outstanding common stock for $319,500 on January 1, 2019, when the book value of Snoopys net assets was equal to $355,000. Peanut uses the equity method to account for investments. The following trial balance summarizes the financial position and operations for Peanut and Snoopy as of December 31, 2019:

2. 	Peanut Company		Snoopy Company
   	Debit	Credit	Debit	Credit
   Cash	255,000		75,000
   Accounts Receivable	190,000		80,000
   Inventory	180,000		100,000
   Investment in Snoopy Stock	364,500		0
   Land	200,000		100,000
   Buildings & Equipment	700,000		200,000
   Cost of Goods Sold	270,000		150,000
   Depreciation Expense	50,000		10,000
   Selling & Administrative Expense	230,000		60,000
   Dividends Declared	225,000		30,000
   Accumulated Depreciation		500,000		30,000
   Accounts Payable		75,000		35,000
   Bonds Payable		150,000		85,000
   Common Stock		500,000		200,000
   Retained Earnings		517,500		155,000
   Sales		850,000		300,000
   Income from Snoopy		72,000		0
   Total	2,664,500	2,664,500	805,000	805,000

   a. Prepare any equity method journal entry(ies) related to the investment in Snoopy Company

   during 2019. solve in Microsoft word

3. Prepare a consolidation worksheet for 2019 in good form solve in Microsoft word