Planet corporation acquired 90 percent of saturn company’s voting shares of stock in 20x1. during 20x4, planet purchased 56,000 playday doghouses for $24 each and sold 41,000 of them to saturn for $30 each. saturn sold all of the doghouses to retail establishments prior to december 31, 20x4, for $45 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.)