Note: Enter debits before credits. Journal entry worksheet Record the payment of stock issuance costs. Note: Enter debits before credits. Alder Company pays $3,960,000 cash and issues 29,600 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 $31,200, and Alder pays $49,000 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