13 Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,030,000 cash. Lake assumed all of the liabilities. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value $165,000 $155,000 650,000 800,000 210,000 210,000 Current assets (net) Property, plant, equip. (net) Liabilities X 03:33:05 Lake would record goodwill of: Multiple Choice $425,000. $0. O O $83,000