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

Alder Company pays $$4,050,000$ cash and issues $22,800$ shares of its $$2$ par value common stock $($fair value of $$50$ per

share$)$ for all of Beech's common stock in a merger, after which Beech will cease to exist as a separate entity. Stock issue

costs amount to $$33,500,$ and Alder pays $$44,000$ 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.

Journal entry worksheet $1.$ Record the acquisition of Beech Company. $2.$ Record the legal fees related to the combination. $3.$ Record the payment of stock issuance costs.