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: Fair Value Tax Basis Accounts receivable $ 136, 000 $ 136,000 Inventory 161, 000 161,000 Land 192, 000 192,000 Buildings 200, 250 153,000 Equipment 264, 750 207,000 Liabilities (267, 000) (267, 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