Nordway Corporation acquired 90 percent of Olman Company's voting shares of stock in 20X1. During 20x4, Nordway purchased 53,000 Playday doghouses for $28 each and sold 38,000 of them to Olman for $35 each. Olman sold 31,000 of the doghouses to retail establishments prior to December 31, 20X4, for $50 each. Both companies use perpetual inventory systems. Required a. Prepare all jounal entries Nordway recorded for the purchase of inventory and resale to Olman Company in 20X4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the purchase of inventory on account. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal