Campbell Soup Co. (CPB) had the following assets and liabilities (in millions) at the end of Year 1.

Assets .......................................    $7,837

Liabilities ..................................      6,304

a. Determine the stockholders’ equity of Campbell Soup at the end of Year 1.

b. If assets decreased by $111 million and liabilities decreased by $223 million, what was the increase or decrease in stockholders’ equity for Year 2 ?

c. What were the total assets, liabilities, and stockholders’ equity at the end of Year 2 ?

d. Based upon your answer to (c), does the accounting equation balance?