lake incorporated purchased all of the outstanding stock of huron company, paying $1,015,000 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) $ 145,000 $ 140,000 property, plant, equipment (net) 630,000 840,000 liabilities 205,000 205,000 lake would report goodwill of:
