Please help with accounting question. Thanks

On December 31, 2014, PanTech Company invests $20,000 in SoftPlus, a variable interest entity. In contractual agreements completed on that date, PanTech established itself as the primary beneficiary of SoftPlus. Previously, PanTech had no equity interest in SoftPlus. Immediately after PanTech’s investment, SoftPlus presents the following balance sheet:

;Cash

$

20,000 ;

;Long-term debt

$

120,000 ;

;Marketing software

140,000 ;

;Noncontrolling interest

60,000 ;

;Computer equipment

40,000 ;

;PanTech equity interest

20,000 ;

;Total assets

$

200,000 ;

;Total liabilities and equity

$

200,000 ;

Each of the above amounts represents an assessed fair value at December 31, 2014, except for the marketing software.

a.

If the marketing software was undervalued by $20,000, what amounts for SoftPlus would appear in PanTech’s December 31, 2014, consolidated financial statementounts?

b.

If the marketing software was overvalued by $20,000, what amounts for SoftPlus would appear in PanTech’s December 31, 2014, consolidated financial statements?

Account

Amount