Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $960,000 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)	$	131,700			$	124,800
Property, plant, equipment. (net)		612,000				753,000
Liabilities		150,700				177,000

Lake would record goodwill of:

Multiple Choice

• $367,000.

• $0.

• $259,200.

• $82,200.