Planet Corporation acquired $90$ percent of Saturn Company's voting shares of stock in $20$x$1.$ During $20$X$4,$ Planet purchased $44\mathrm{.}000$

Playday doghouses for $$32$ each and sold $29,000$ of them to Saturn for $$40$ each. Saturn sold $22,000$ of the doghouses to retal.

establishments prior to December $31,20$X$4,$ for $$55$ each. Both companies use perpetual inwentory systems.

Required:

a$.$ Prepare all joumal entries Planet recorded for the purchase of imentory and resale to Saturn Company in $204.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account fieid.

b$.$ Prepare the journal entries Saturn reconded for the purchase of imventory and resale to retall establshments in $204.$

Note: If no entry is required for a 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 $204$ to remove the

effects of the intercompany sale.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.