King's Road recently acquired all of Oxford Corporation's stock and is now consolidating the financial new subsidiary. King's Road paid a total of $1,090,000 for Oxford, which has the following accounts: ed Accounts receivable Inventory Land Buildings Equipment Liabilities Fair Value Tax Basis $ 215,000 $ 215,000 213,000 213,000 186,000 186,000 231,000 188,000 265,000 212,000 (275,000) (275,000) es 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 sh Road recognize? Assume a 21 percent effective tax rate