I need help with COGS and Inventory

Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20X4, Planet purchased 48,000 Playday doghouses for $28 each and sold 33,000 of them to Saturn for $35 each. Saturn sold 26,000 of the doghouses to retail establishments prior to December 31, 20X4, for $50 each. Both companies use perpetual inventory systems. Required: a. Prepare all journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 20X4. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) c. Prepare the worksheet consolidation entrylies) needed in preparing consolidated financial statements for 20X4 to remove the effects of the intercompany sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries Record the consolidation entry. Note: Enter debits before credits Debit Entry Accounts Credit ales ost of goods sold nventory 1,155,000 Record entry Clear entry entries iew