On December $31,2023,$ Petra Company invests $$30,000$ in Valery, a variable interest entity. In contractual agreements completed on that date, Petra established itself as the primary beneficiary of Valery. Previously, Petra had no equity interest in Valery. Immediately after Petra$$s investment, Valery presents the following balance sheet:

Cash $ $30,000$ Long$-$term debt $ $110,000$

Marketing software $150,000$ Noncontrolling interest $90,000$

Computer equipment $50,000$ Petra equity interest $30,000$

Total assets $ $230,000$ Total liabilities and equity $ $230,000$

Each of the amounts represents an assessed fair value at December $31,2023,$ except for the marketing software.

The December $31$ business fair value of Valery is assessed at $$120,000.$

Required:

If the carrying amount of the marketing software was undervalued by $$35,000,$ what amounts for Valery would appear in Petra$$s December $31,2023,$ consolidated financial statements?

If the carrying amount of the marketing software was overvalued by $$35,000,$ what amounts for Valery would appear in Petra$$s December $31,2023,$ consolidated financial statements?