It's all right.
( It ( ( ( 's all ) right ) . ) )
(ROOT (S (NP (PRP It)) (VP (VBZ 's) (RB all) (ADJP (JJ right))) (. .)))
It is well and we will be on our way.
( ( ( ( It ( is well ) ) and ) ( we ( will ( be ( on ( our way ) ) ) ) ) ) . )
(ROOT (S (S (NP (PRP It)) (VP (VBZ is) (ADVP (RB well)))) (CC and) (S (NP (PRP we)) (VP (MD will) (VP (VB be) (PP (IN on) (NP (PRP$ our) (NN way)))))) (. .)))