Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow. 
Determine total assets.
Definitions:
Monopolistic Competition
A market structure characterized by many firms offering products that are similar but not perfect substitutes, allowing for some degree of market power.
Pure Competition
A market structure characterized by a large number of sellers and buyers, homogeneous products, and the ease of entering and exiting the market.
Product Differentiation
The process of distinguishing a product or service from others, to make it more attractive to a particular target market.
Monopolistically Competitive
A market structure characterized by many sellers offering differentiated products, allowing for some degree of market power.
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