Required: a. Prepare any equity method joumal entry(les) related to the Investment In Snoopy Company during 209. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record Peanut Company's share of Snoopy Company's 20x9 dividend. Nate: Enter debits before credits. b. Prepare a consolidation worksheet for 209. Assume the company prepares the optional Accumulated Depreclation Consolidation Entry and that the depreclation expense was the same amount in both 208 and 209. Note: Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entrles" columns should be entered as positive values. For accounts where multiple adjusting entrles are required, combine all debit entrles into one amount and enter this amount in the debit column of the worksheet. Similarly. combine all credit entrles into one amount and enter this amount in the credit column of the worksheet. Peanut Company acquired 80 percent of Snoopy Company's outstanding common stock for $280,000 on January 1,208, when the book value of Snoopy's net assets was equal to $350,000. Peanut uses the equity method to account for Investments. The following trlal balance summarizes the financlal position and operations for Peanut and Snoopy as of December 31, 20x9: Required: a. Prepare any equity method journal entry(les) related to the Investment In Snoopy Company during 209. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record Peanut Company's share of Snoopy Company's 20x9 income. Note: Enter debits befare credits