ENT Ltd has prepared its draft financial statements for the 2019/20 financial year. The following is an extract of information from the draft statements:

Total Asset	$ 5,270,000.00
Total Liabilities	$ 3,320,000.00
Shareholders equity	$ 1,870,000.00
Net profit	$ 60,000.00

$150,000 Development Expense for a software development project that hasnt yet been deemed to meet all of the para 57 criteria of AASB 138.

$20,000 of Repairs and Maintenance Expenses for the factory machinery for modifications performed to the machinery.

Required:

Revise the extract from the draft financial statements to show the effects of (a) capitalizing both the development and repair costs and (b) capitalizing just the development costs.