Question: Given the information above, please provide all the real journal entries recorded by SOAPCO and Habitrail during 2019 and 2020 related to the intercorporate sale and resale of the minerals.

SOAPCO. purchased 25,000 tons of minerals in 2019 for $40 a ton and sold them to Habitrail Inc at a 40% markup on cost. During that year, Habitrail resold 20,000 tons to a third party for $90 a ton and held the remaining units in inventory. The remaining units were sold to a third party for $80 a ton in 2020. SOAPCO owns 80% of Habitrail at underlying book value (CS $1,000,000, RE $3,000,000). Habitrail reported the following NI and dividends: NI Dividends 2019 600,000 50,000 2020 450,000 500,000 Both parties use a perpetual inventory system