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