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 $900,000 for Oxford, which has the following accounts Accounts receivable Inventory Land Buildings Equipment Liabilities Fair Value Tax Basis $160,000 160,000 218,000 111,000 165,000 175,000 218,000 111,000 224,250 235,250 (264,000) (264,000) 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 Required A Required B>