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3 Klon Corporation owns 70 percent of Brant Company's stock and 60 percent of Torkel Company's stock During 20x8, klon sold inventory purchased in 20x7 for $60,000 to Brant for $100,000. Brant then sold the inventory at its cost of $100.000 to Torkel Prior to December 31, 20x8, Torkel sold $40,000 of inventory to a nonaliate for $70,000 and held $60,000 in inventory at December 31, 20x8 0107.52 Required: a Prepare the journal entries recorded by Klon, Brant, and Torkel during 20x8 relating to the intercorporate sale and resale of Inventory (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Entries recorded by Klon Corporation: View transaction list Journal entry worksheet Record the sale of inventory to Brant Company. Entries recorded by Klon Corporation: 3 View transaction list Journal entry worksheet 8 01:07:00 Record the sale of inventory to Brant Company Note: Enter debits before credits Event General Journal Debit Credit Entries recorded by Brant Company: 3 View transaction list 8 01:06:31 Journal entry worksheet Record the purchase of inventory from Klon. Note: Enter debits before credits Event General Journal Debit Credit 1 Entries recorded by Torkel Company: 3 View transaction list 8 01:06:03 Journal entry worksheet