Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,055,000 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) $ 180,000 $ 180,000 Property, plant, equip. (net) 680,000 755,000 Liabilities 210,000 210,000 Lake would record goodwill of