. Lake Incorporated purchased all of the outstanding stock of Huron Company paying $952,000 cash. Lake assumed all of the abilities of Huron. Book values and fair values of acquired assets and liabilities were: Current assets (net) Property, plant, equip. (net) Llabilities Book Value Fair Value $130,500 $123,000 603,000 762,000 151,000 176,000 Lake would record goodwill of