Please solve for part b inventory

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 $850,000 for Oxford, which has the following accounts: Accounts receivable Inventory Land Buildings Equipment Liabilities Fair Value $ 153,000 141,000 136,000 276,000 233,000 (281,000) Tax Basis $ 153,000 141,000 136,000 221,000 160,000 (281,000) 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 21 percent effective tax rate. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C 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.) Accounts receivable Inventory Land Buildings Equipment Liabilities Deferred tax liability Amount $ 153,000 161,000 136,000 276,000 233,000 (281,000) (26,880) Assigned to specific accounts $ 651,120