Lake Incorporated purchased all of the outstanding stock of Huron Company paying $964,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Fair Value Value Current assets (net) $131,900 Property, plant, equip. (net) 603,000 Liabilities 151,800 $123,900 769,000 176,000 Lake would record goodwill of Multiple Choice O $247,100. O $71,100. O $380,900. O $0