Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20Xt. During 20X4, Planet purchased 53,000 Ployday doghouses for $31 each and sold 38,000 of them to Saturn for $37 each. Saturn sold all of the doghouses to retail establishments prior to December 31,204, for $52 each. Both companies use perpetual inventory systems. Required: a. Prepare the journal entries Planet recorded for the purchose of inventory 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 field. Journal entry worksheet Record the purchase of inventory. Note: thter bebns betore cress. b. Prepare the journal enthes Saturn recorded for the purchose of imventory and resale to retail establishments in 204. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet . c Record the porchese of invention. Prepare the journal entries Saturn recorded for the purchase of inventory and resale to retail establishments in 204. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet \begin{tabular}{l} Journal entry worksheet \\ \hline \end{tabular} c. Prepgre the worksheet consolidation entry(ies) needed in preparing consolidated financial statements for 204 to remove all effecs of the intercompany sale. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Prepare the worksheet consolidation entrylies) needed in preparing consolidated financial statements for 204 to remove all 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. Consolidation Worksheet Entries Record the consolidation entry. Note: f miter debits before credits