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

Items Book Value Fair Value

Inventory $ $404,500$ $ $353,250$

Land $816,0001,080,000$

Buildings $2,025,0002,361,750$

Trademarks $0831,000$

Accounts payable $(102,500)(102,500)$

Common stock $(2,000,000)0$

Additional paid$-$in capital $(500,000)0$

Retained earnings, $1/1(456,000)0$

Revenues $(471,500)0$

Expenses $284,5000$

Alder Company pays $$3,970,000$ cash and issues $26,600$ shares of its $$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 $$30,800,$ and Alder pays $$50,900$ for legal fees to complete the transaction.

Required:

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

$1$

Record the acquisition of Beech Company.

$2$

Record the legal fees related to the combination.

$3$

Record the payment of stock issuance costs.