Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,070,000 cash Lake assumed all of the liabilities. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $200,000 $195,000 Property, plant, equip. (net) 655,000 835,000 Liabilities 250,000 250,000 Lake would record goodwill of: Multiple Choice $465.000 $290,000 SO $642.000