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5. ate 3.03 points Lake Incorporated purchased all of the outstanding stock of Huron Company paying $964,000 cash. Lake assumed all of the liablities of

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5. ate 3.03 points Lake Incorporated purchased all of the outstanding stock of Huron Company paying $964,000 cash. Lake assumed all of the liablities of Huron Book values and fair values of acquired assets and lablities were: Book Value Fair Value Current assets (net) $130,800 $123,200 61,000 756,000 176,000 Llabilties 151,300 Lake would record goodwill O $373,500 $260,800. O $84,800 O so. $0. MacBook esc FI F2 F3 FS

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