Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $$1,090,000$ cash. Lake assumed all of the liabilities. Book values and fair values of acquired assets and liabilities were:

Book Value Fair Value

Current assets $($net$)$ $ $110,000$ $ $215,000$

Property, plant, equip. $($net$)610,000805,000$

Liabilities $230,000230,000$

Lake would record goodwill of:

Multiple Choice

$$300,000.$

$$600,000.$

$$403,000.$

$$0.$