Plump Corporation holds 60 percent ownership of Slim Company. Each year, Slim purchases large quantities of a gnarl root used in producing health drinks. Slim purchased $150,000 of roots in 20X7 and sold $40,000 of these purchases to Plump for $60,000. By the end of 20X7, Plump had resold all but $15,000 of its purchase from Slim. Plump generated $90,000 on the sale of roots to various health stores during the year. Required: a. Prepare the journal entries recorded by Plump and Slim during 20X7 relating to the initial purchase, Intercorporate sale, and resale of gnarl roots. Note: If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Journal entries recorded by Slim Company: View transaction list Journal entry worksheet < A B C Record the purchase from the nonaffiliate. Note: Enter debits before credits. Event 1 General Journal Debit Credit