Lake Incorporated purchased all of the outstanding stock of Huron Company paying $968,000.cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value $130,400 $123,700 Property, plant, equip. (ne 600,000 762,000 151,100 177000 Current assets (net) Liabilities Lake would record goodwill of