E2-4. Accounting Equation Obj. 1 The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ). Year 1: Apple Verizon Assets $321,686 (e) Liabilities (a) (f) Stockholders' equity (b) $ 22,524 Increase (decrease) in assets, liabilities, and stockholders' equity during Year 2: Assets Liabilities Stockholders' equity $ 53,633 (g) 47,835 $ (7,609) 5,798 (h) 71 Year 2: 72 72 78 Assets (c) $257,143 Liabilities $241,272 (0) Stockholders' equity (d) 43,096