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

Alder Company pays $$4,060,000$ cash and issues $22,200$ shares of its $$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 $$31,900,$

and Alder pays $$51,200$ 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.

Answer is not complete.