Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20X4, Planet purchased 51,000 Playday doghouses for $29 each and sold 36,000 of them to Saturn for $35 each. Saturn sold all of the doghouses to retail establishments prior to December 31, 20X4, for $50 each. Both companies use perpetual Inventory systems. Required: a. Prepare the journal entries Planet recorded for the purchase of Inventory and resale to Saturn Company In 20X4. Note: 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 < A B C Record the purchase of inventory. Note: Enter debits before credits. Event 1 General Journal Debit Credit