Lake Incorporated purchased all of the outstanding stock of Huron Company paying $969,000 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) $ 130,900 $ 124,000 Property, plant, equip. (net) 606,000 763,000 Liabilities 151,400 177,000 Lake would record goodwill of: Multiple Choice $383,500. $259,000. $82,000. $0.