It's all right.
( It ( ( ( 's all ) right ) . ) )
(ROOT (S (NP (PRP It)) (VP (VBZ 's) (RB all) (ADJP (JJ right))) (. .)))
It is well.
( It ( ( is well ) . ) )
(ROOT (S (NP (PRP It)) (VP (VBZ is) (ADVP (RB well))) (. .)))