Lake Incorporated purchased all of the outstanding stock of Huron Company paying $953,000 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, equpiment (net) Liabilities Lake would record goodwill of: $ 131,000 Book Value Fair Value $ 124,100 762,000 177,000 608,000 151,300 Multiple Choice $66,900. $0. $243,900. $365,300