Question 1. Campbell Soup Co. had the following assets and liabilities (in millions) as of July 31, 2020.

Assets $6,776

Liabilities $5,506

1. Determine the stockholders equity of Campbell Soup as of July 31, 2020.
2. If assets increased by $1,094 and liabilities increased by $596, what was the increase or decrease in stockholders equity for the year ending July 31, 2021.
3. What were the total assets, liabilities, and stockholders equity as of July 30, 2021?
4. Based upon your answer to (c.), does the accounting equation balance?