KIng's Road recently acqulred all of Oxford Corporatlon's stock and is now consolidating the financlal data of this new subsidlary. KIng's Road paid a total of $1,080,000 for Oxford, which has the following accounts: Required: a. What amount of deferred tax llability arises in the acquisition? b. What amounts will be used to consolidate Oxford with King's Road at the date of acquisltion? c. On a consolidated balance sheet prepared Immedlately after this takeover, how much goodwill should King's Road recognize? Assume a 21 percent effective tax rate. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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? (Credit balances should be indicated with minus sign.) 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