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 $1,000,000 for Oxford, which has the following accounts:

	Fair Value			Tax Basis
Accounts receivable	$	205,000		$	205,000
Inventory		139,000			139,000
Land		118,000			118,000
Buildings		292,500			232,000
Equipment		268,500			214,000
Liabilities		(270,000	)		(270,000	)

Required:

What amount of deferred tax liability arises in the acquisition?

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

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.