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

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Accounting

The following book and fair values were available for Beech Company as of June 1:
Alder Company pays $4,030,000 cash and issues 28,200 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 $32,400,
and Alder pays $49,800 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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