Save 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 b. Prepare the journal entres Satum recorded for the purchase of inwentary and resale to retall establishments in 20X4. Of no entry's required for a transaction/event, select "No journal entry required in the first account field) View transaction list Journal entry worksheet A B C > Record the purchase of inventory Note. Enter debit before credits Event General al Debit Credit Record entry Clear entry View general Journal b. Prepare the journal entres Saturn recorded for the purchase of inventory and restore establishments m 20X4f no entry is required for a transaction/event, select "No journal entry required in the first account field) ww transaction dat Journal entry worksheet Record the cost of goods sold. Notera debitore credits Event Genel ournal Debat Croce Record entry Clear entry View general journal c. Prepare the worksheet consolidation entryoes needed in preparing consolidated financial statements for 20x4 to remove al effects of the intercompany sale (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) view transaction list Consolidation Worksheet Entries Record the controlidation entry Note: Enter debits before credits Entry Accounts Delt Credit Record entry Clear entry view consolidation entries