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 $950,000 for Oxford, which has the following accounts:

	Fair Value			Tax Basis
Accounts receivable	$	111,000		$	111,000
Inventory		176,000			176,000
Land		184,000			184,000
Buildings		226,750			168,000
Equipment		268,250			216,000
Liabilities		(301,000	)		(301,000	)

1. What amount of deferred tax liability arises in the acquisition?

2. What amounts will be used to consolidate Oxford with King's Road at the date of acquisition?

3. 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.