King's Road recently acquired all of Oxford Corporation's stock and is now consolldating the financial data of this new subsidiary. King's Road paid a total of $880,000 for Oxford, which has the following accounts: Required: a. What amount of deferred tax liability arises in the acquisition? b. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? c. On a consolidated balance sheet prepared immediately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. Complete this question by entering your answers in the tabs below. What amount of deferred tax liablity arises in the acquisition? Required: W. What amount of deferred tax liability arises in the acquisition? b. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? c. On a consolidated balance sheet prepared immediately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. Complete this question by entering your answers in the tabs below. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition? (Credit balances should be indicated with minus sign.) Required: a. What amount of deferred tax liablity arises in the acquisition? b. What amounts will be used to consolldate Oxford whth King's Road at the date of acquisition? c. On a consolidated bolance sheet prepared immediately aher this takeover, how much goochill should king's Road recognize? Assume a 21 percent effective tax rate Complete this question by entering your answers in the tabs below. On a consolidoted baiance sheet prepared immediately aher this takeover, how much goodwill should King's Road nacognize? Assume a 21 percent effectlve tax rate