Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2014. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired. Demers earns income and pays dividends as follows:

2014 2013 2012

Net Income 100000 120000 130000
Dividends 40000 50000 60000

a. Assume the Initial Value is applied. Compute Pell's investment in Demers at Dec 31, 2014.
b. Assume Equity Method is applied. Compute the non-controlling interest in Demers at Dec 31, 2016.
c. Assume Partial Equity method is applied. Compute Pell's investment in Demers at Dec 31, 2015.
d. Assume Initial Value is applied. Compute the non-controlling interest in the net income of Demers at Dec 31, 2016.