Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20X4, Planet purchased 50,000 Payday doghouses for S27 each and sold 35.000 of them to Saturn for 533 each Saturn sold all of the doghouses to retail establishments prior to December 31, 2004 for $18 each Both companies use perpetual inventory system Required: a Prepare the journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 2004 of ne entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction Journal entry worksheet > acord the purchase of eventory Rattar det bare er Record entry Clear entry View general Journal Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20X4, Planet purchased 50.000 Payday doghouses for $27 each and sold 35,000 of them to Saturn for $33 each. Saturn sold all of the doghouses to read stablishments prior to December 31 20X4 for $48 each Both companies use perpetual inventory systems Required: Prepare the journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 20X4. Of no entry is Fequired for transaction/event, select "No journal entry required in the first account field.) View transaction test Journal entry worksheet A Record the sales of the Playday doghouses, Noter Erdebas before credits General Jual Debit 2 Record entry clear entry View general al Planet Corporation accured 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 perpetuat inventory systems Required: a Prepare the journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 20X4. Of ne entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction lit Journal entry worksheet