Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,060,000 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) $ 185,000 $ 185,000 Property, plant, equip. (net) 615,000 835,000 Liabilities 180,000 180,000 Lake would record goodwill of: