Problem 4 - 313 points On December 31I 2016, Snoopy, a subsidiary of Peanuts, issues to IJ'nus Lending, an unaftiIi $2,900,:It} 4% ye-year bonds wi1 interest payable annually. The bonds are issued at a disco 5%. On December 31I 2013, Snoopy purchased the bonds from Linus Lending after the market ra interest has risen to 15%. Assume that Peanuts uses the equity method to account for its invesbnent in Snoopy. Also, as both companies use the effective interest method to amortize premiums and discounts on be payable. Required: {1] Record the issuance of the bonds by Snoopy on 12.I"31.uIf 2016. [2] Record the on the bonds by Peanuts on 12,331,92313. [3] Record the consolidation entries at December 31. December 31. 2019 related to the bonds. If any additional entry was made by the parent rela bond repurchase in 2013 because it used the equity method, reoorcl that entry. Use the sore labeled Problem 4 to show your work and record your journal entries. Please clearly label all entries