Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20X4, Planet purchased 50,000 Playday doghouses for $27 each and sold 35,000 of them to Saturn for $33 each. Saturn sold all of the doghouses to retail establishments prior to December 31, 20X4 for $48 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. (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