Lake Incorporated purchased all of the outstanding stock of Huron Company paying $966,000 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, equip. (net) Liabilities Book Value Fair Value $131,300 $124,500 603,000 757,000 150,500 176,000 Lake would record goodwill of