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am 8:30-10:30 PM Saved Lake Incorporated purchased all of the outstanding stock of Huron Company paying $952,000 cash. Lake assumed all of the liabilities of

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am 8:30-10:30 PM Saved Lake Incorporated purchased all of the outstanding stock of Huron Company paying $952,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Current assets (net) Property, plant, equip. (net) Liabilities Book Value Fair Value $131,400 $124,300 611,000 751,000 150,200 175,000 Lake would record goodwill of: Multiple Choice ) $0

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