```json
{
  "TragedyDegree": 3,
  "ComedyDegree": 4
}
```

**Explanation:**

- **Tragedy Degree (3):** The story has some elements of conflict and threat, particularly during the confrontation between Elara and Malgorn. However, it doesn't delve deeply into sorrow or profound emotional devastation. Elara successfully overcomes the malevolent sorcerer, and the town is saved, which limits the extent of tragic impact.

- **Comedy Degree (4):** The story contains light-hearted elements, notably the inventive and whimsical aspects of Elara's gadgets. The ending is positive and uplifting, but it isn't strongly comedic or filled with humor. The main focus remains on adventure and personal growth rather than explicit comedy.
