On December 31, 2020, Petra Company invests $32,000 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 Petras investment, Valery presents the following balance sheet:

Cash	$	32,000	Long-term debt	$	108,000
Marketing software		152,000	Noncontrolling interest		96,000
Computer equipment		52,000	Petra equity interest		32,000
Total assets	$	236,000	Total liabilities and equity	$	236,000

Each of the amounts represents an assessed fair value at December 31, 2020, except for the marketing software.

The December 31 business fair value of Valery is assessed at $128,000.

If the carrying amount of the marketing software was undervalued by $37,000, what amounts for Valery would appear in Petras December 31, 2020, consolidated financial statements?

If the carrying amount of the marketing software was overvalued by $37,000, what amounts for Valery would appear in Petras December 31, 2020, consolidated financial statements?