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 $880,000 for Oxford, which has the following accounts: Accounts receivable Inventory Land Buildings Equipment Liabilities Fair Value $ 136, 000 161, 000 192,000 200,000 264, 750 (267, 000) Tax Basis $ 136,000 161, 000 192, 000 153,000 207, 000 (267, 000) 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 30 percent effective tax rate. Complete this question by entering your answers in the tabs below. Required A Required B Required C What amount of deferred tax liability arises in the acquisition? Deferred tax liability Complete this question by entering your answers in the tabs below. Required A Required B Required 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.) Assigned to specific accounts Acquisition consideration 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 30 percent effective tax rate. Complete this question by entering your answers in the tabs below. Required A Required B Required C On a consolidated balance sheet prepared immediately after this takeover, how much goodwill should King's Road recognize? Assume a 40 percent effective tax rate. Goodwill Required B Required C >