1) Conner Corporation's adjusted trial balance included the following items: Accounts payable ($65,000), Accounts receivable($45,000), Capital stock($100,000), Cash ($50,000), Dividends($10,000), Goodwill($47,000), interest expense($4,000), Interest payable($2,000), Inventory($32,000), Notes payable($80,000), prepaid expenses($5,000), Property, plant and equipment($123,000), Retained earnings($46,000), Rent expenses($18,000), Revenues ($101,000), and Salary expense($60,000), How much are total assets?

2) The balance sheet of Strauss Corporation contains the following list of assets: Cash $8,500,000, Land $4,700,000, $1,300,000, and Other Assets, $200,000. Strauss only debt is $2,070,000 owed to a bank. How much will stockholders equity change when Strauss buys equipment for $2,800,000 cash?