At June 1, Sandhill Co had total assets of $39,800 and total liabilities of $15,000. Calculate each of the following amounts.

1. If total assets increased $11,950 in June and total liabilities decreased $5,050, what is the amount of stockholders' equity at June 30?

2. During the year, total liabilities decreased $2,950 and stockholders' equity increased $4,250 in June. What is the amount of total assets at June 30?