King's Road recently acquired all of Oxford Corporation's stock and is now consolidating the financial data of this new subsidiary. King's Road paid a total of $1,020,000 for Oxford, which has the following accounts:

	Fair Value			Tax Basis
Accounts receivable	$	210,000		$	210,000
Inventory		192,000			192,000
Land		175,000			175,000
Buildings		187,000			142,000
Equipment		222,000			154,000
Liabilities		(223,000	)		(223,000	)

Required:

What amount of deferred tax liability arises in the acquisition?

What amounts will be used to consolidate Oxford with King's Road at the date of acquisition?

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.