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 $940,000 for oxford, which has the following accounts: fair value tax basisaccounts receivable $ 112,000 $ 112,000 inventory 209,000 209,000 land 108,000 108,000 buildings 208,500 155,000 equipment 293,750 232,000 liabilities (243,000 ) (243,000 )a. what amount of deferred tax liability arises in the acquisition? b. hat 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 30 percent effective tax rate. a.what amount of deferred tax liability arises in the acquisition? deferred tax liability b. 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.)assigned to specific accounts acquisition considerationc. on a consolidated balance sheet prepared immediately after this takeover, how much goodwill should king's road recognize? assume a 40 percent effective tax rate.