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 $990,000 for Oxford, which has the following accounts:

	Fair Value			Tax Basis
Accounts receivable	$	201,000		$	201,000
Inventory		163,000			163,000
Land		140,000			140,000
Buildings		272,000			215,000
Equipment		301,500			227,000
Liabilities		(293,000	)		(293,000	)

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.