The following book and fair values were available for Beech Company as of June $1$:

Alder Company pays $$3,900,000$ cash and issues $20,000$ shares of its $$2$ par value common stock $($fair value of $$50$ per share$)$ for all of Beech

common stock in a merger, after which Beech will cease to exist as a separate entity. Stock issue costs amount to $$25,000,$ and Alder pays $$42$

for legal fees to complete the transaction.

Required:

Prepare Alder's journal entries to record its acquisition of Beech.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

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Journal entry worksheet

Record the acquisition of Alder Company.

Note: Enter debits before credits.