Lake Incorporated purchased all of the outstanding stock of Huron Company paying $956,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were:

	Book Value				Fair Value
Current assets (net)	$	130,200			$	124,000
Property, plant, equip. (net)		612,000				754,000
Liabilities		151,900				177,000

Lake would record goodwill of:

Multiple Choice

$0.

$78,000.

$365,700.

$255,000.