Please review both parts of the question and kindly provide answers for both questions. Thank you in advance for your assistance!

On December 31, 2020, Petra Company invests $23,000 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: 4 points Cash $ 23, 000 Long-term debt $ 117 , 000 Skipped Marketing software 143, 000 Noncontrolling interest 69, 000 Computer equipment 43, 000 Petra equity interest 23,000 Total assets $ 209, 000 Total liabilities and equity $ 209, 000 Book 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 $92,000. Print a. If the carrying amount of the marketing software was undervalued by $28,000, what amounts for Valery would appear in Petra's December 31, 2020, consolidated financial statements? References b. If the carrying amount of the marketing software was overvalued by $28,000, what amounts for Valery would appear in Petra's December 31, 2020, consolidated financial statements? Complete this question by entering your answers in the tabs below. Required A Required B If the carrying amount of the marketing software was undervalued by $28,000, what amounts for Valery would appear in Petra's December 31, 2020, consolidated financial statements? (Input all amounts as positive values.) Account Amount Required A Required B >Chapter 6 i Saved On December 31, 2020, Petra Company invests $23,000 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 4 points Cash $ 23, 000 Long-term debt $ 117, 000 Skipped Marketing software 143, 000 Noncontrolling interest 69, 000 Computer equipment 43, 000 Petra equity interest 23, 000 Total assets $ 209, 000 Total liabilities and equity $ 209, 000 eBook 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 $92,000. Print a. If the carrying amount of the marketing software was undervalued by $28,000, what amounts for Valery would appear in Petra's December 31, 2020, consolidated financial statements? References b. If the carrying amount of the marketing software was overvalued by $28,000, what amounts for Valery would appear in Petra's December 31, 2020, consolidated financial statements? Complete this question by entering your answers in the tabs below. Required A Required B If the carrying amount of the marketing software was overvalued by $28,000, what amounts for Valery would appear in Petra's December 31, 2020, consolidated financial statements? (Input all amounts as positive values.) Account Amount Required A Required B >