Proctoring Enabled: FINAL EXAM 19 Saved Help Save & B 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: 2013 Current assets (net) Property, plant, equip. (net) Liabilities Lake would record goodwill of Multiple Choice $78,300 Book Value Fair Value $130,600 $123,900 617,000 764,000 151,0 176,000